57475 Lupine Drive

Re/Max Masters is proud to present this 22 Units(7x 2 Br.1 bath-15x 1Br.1 bath) property in turn key condition and fully occupied in the city of Yucca Valley.The total property is comprised of two(2) lots.
Here are the impressive numbers $165,600 GROSS INCOME,, $36,796 ANNUAL EXPENSES INCLUDING INSURANCE,, $128,804 NOI WITH 8.3% CAP RATE,, $31,000 NEW PROPERTY TAX which includes the proposed sewer connection by the HI-DESERT WATER DISTRICT giving you $97,804 NOI which translates to 6.3% CAP RATE and if we add $64,050.60 Annual Dept Service with 30% Down Payment will NET you $33,753.40 NET INCOME,,GIVING YOU 7.25 % CASH ON CASH RETURN.
The new owner will enjoy a very low maintenance investment with a high return.