Two condos in two different prestigious Country Club resorts with world class golfing…keep ‘em or flip ‘em, either way you are a winner.
Here’s the scoop, they are both condos in prestigious golf country clubs in Palm Desert.
The first one is located at 48891 Noline in the Ironwood Country Club.This property is turn key and Ironwood is GORGEOUS with championship golf courses designed by Arnie himself.It’s worth over $255k, and we have it for $179,900 (you can’t get anything under $199k).
The second property is located at 41769 Resorter in the Palm Desert Resort Country Club.This property needs cosmetic updating and some upgraded appliances etc…there are two very recent model match comps for $244,000 and $230,000 that sold in a matter of days- your price today?$159,900.Perfect textbook fix and flip. http://www.farbelowmarket.com
Inside is beautiful and just about perfect; the other side needs a little work. Rents are known to be around $850-$950 per side, and this property is your only $138,900k, which equals cash-on-cash returns over 11%. These were going for $460,000 in the day- Desert Hot Springs has been one of the highest appreciating cities in upturns because it is so ridiculously undervalued…you can’t get an income property for this price anywhere.
33936 Sky Blue Water Trl, Cathedral City, CA 92234 Lowest thing on the market by far…duplex getting $1,000 - $1,200 per side per month, contractor’s bid to make it stunning only needs about $15k, yours for $174,900. Fixers the same size and year are going in the high $190k’s, and fixed up they are going quickly at $230k. AFTER REPAIR VALUE EST’MD. $230,000.
Insane cash flow, very clean duplex in DHS for $84,900…NOT A TYPO…easily $1,300 per month total rents, property is almost turn key…we have a repair estimate from Contractor Dan himself for less than $7,000…granite kitchen, shared laundry room WITH washer and dryer, 2 car garage with metal roll up door.
ALL appliances including refrigerators, security gate, separate meters….and prices are exploding in DHS as values over corrected, and are steadily rebounding.
This is a beautiful La Quinta property that looks more like a spec home inside. Spanish tile roof, covered patio, very clean. Contractor Dan has a repair estimate less than $10,000 to make like a new home.
Rents fall around $1,100-$1,200 for a property like this. It will go fast.
Scarcity is the operative word…do a search for the ENTIRE city of Cathedral City and there is nothing available even close to this price, and pretty much nothing available period.Fix and flip, clean homes are getting dozens of offers in a matter of weeks.This property will also provide huge positive cash flow, with rents going $1,200 per month and more.
Repair estimates as per our venerable Contractor Dan fall between $12,000 and $16,000 depending on your exit strategy.Very conservative value after it’s fixed up $140,000.
Here is it plain and simple…you cannot get a 2004, pristine house, that will get close to $1,000 per month rent for $75,000…don’t believe us?….take the challenge and call 10 agents and ask for it- we dare ya!….it just can’t be done…UNTIL NOW!…this will go very quickly- ready to rent IMMEDIATELY, almost perfect condition, Spanish tile roofs, located on a great street….can you imagine what this will be worth in a few years?
For A full video on comparables and some free tips on how to comp and find deals in this market, check out this video below:
Not a condo, but a house for this price.Demuth Park is near Downtown P.S. where all the action is, but set in a family area with 4 public lighted tennis courts, batting cages, picnic areas and a playground.
This house was once going for $400,000 – yours now for $85K.Yep, it needs work – but the bones are surely there.Contractor Dan has gone through it with a fine tooth comb and can have it shiny new in just two weeks, start to finish.Contact us for written rehab estimate.
It’s on one of the biggest lots in the area,about ¼ acre, and its got mountain views galore.Clean homes in this neighborhood get snapped up quick, so here’s your chance to put some quick cash in your pocket by flipping it, or keep it for cash flow and long term wealth. http://www.FarBelowMarket.com
comps below:
SOLD 1/13/094425 E. Paseo Caroleta$195,000S
SOLD 2/25/094445 E. Calle de Carlos$149,500
SOLD 3/13/093917 E. Sunny Dunes$144,900
Active 3/17/09657 Desert Way$199,500(very similar but clean)
This Indio home is in a nice central, quiet community. Should be a quick and easy rehab. After repair value of $130,000 that we need to let go for $81,900. A portfolio addition that will cashflow with a rent of $1350/month and gain appreciation. http://www.flipforeclosuresforprofit.com
3 bed 2 bath 1230 square feet with a 7450 square foot lot, built in 1983. For more information call Mark at 760-619-9250
There is literally nothing available in this charming West Indio neighborhood under $115,000. Move in ready comps are in $130,000 - $145,000 while completely trashed beyond fixers are selling in the $90,000s within days. ( 8 DOM, 12 DOM, and 23 DOM (Days on Market)). YOURS $79,000!! http://www.farbelowmarket.comhttp://www.flipforeclosuresforprofit.com
