61716 Navajo Trail, Joshua Tree, CA 92252

$620,000
List Price
$620,000
Status
ACTIVE
MLS#
OC22164514
Year Built
1989
Lot Size
24,419
Acres
0.5606
Lot Location
Back Yard, Corner Lot, Desert Back, Desert Front, Front Yard
Days on Market
14
Property Type
Multifamily
Stories
One Level

Property Description

Looking for a great income property? This single-story, 3 Bedroom, 2 Bath, desert home is the perfect Short-Term Rental. It is already licensed and operating as a Short-Term Rental (Opened in February, 2022) All furniture, furnishings, appliances, TVs, supplies and EVERYTHING else used to operate the property is included in the price. Fully-equipped , kitchen with tile countertops and modern refrigerator and a separate eating area. The primary guest suite features a walk-in closet and attached bathroom with double sinks. This single-story floor plan includes 2 fireplaces. There is a covered backyard patio, with gas firepit and adjacent SPA for your guests to enjoy. No HOA! This Short-Term Rental has lots of upside potential. ($76,653 Proforma Net Income - 12.4% Cap Rate - Self-Managed) ($53,701 Proforma Net Income - 8.7% Cap Rate - Professionally Managed)

Additional Information

Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, PropaneWaterHeater, Refrigerator, WaterToRefrigerator, Dryer, Washer
Pool Description
None
Fireplace Description
Dining Room, Family Room, Wood Burning
Heat
Central, Fireplace(s)
Cooling
Yes
Cooling Description
Central Air, Attic Fan
View
Desert
Exterior Construction
CopperPlumbing
Roof
Tile
Garage Spaces Total
2
Sewer
SepticTypeUnknown
Water
Public
Interior Features
Beamed Ceilings, Ceiling Fan(s), CeramicCounters, Furnished, Storage, Tile Counters, Wired for Data, AllBedroomsDown, Attic, BedroomonMainLevel, MainLevelMaster, UtilityRoom, Walk-In Closet(s)
Attached Structure
Detached
Number Of Units Total
1
Gross Scheduled Income
$161,538
Operating Expense
51299

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Keith Powers from Listing Office: Alta Realty Group CA, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.