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NEW CONSTRUCTION. a 3 unit, detached home project is underway in the Hills of Desert Hot Springs. The units are all 3br,2ba. Approximately 1400 sf. All homes will showcase water proof flooring, corian kitchen counter tops with wooden cabinets and stainless steel 25 cu. ft. refrigerator, macro wave, Gas range, and dishwasher. There is a full laundry room washer/dryer and pantry shelves. The bedroom and living room show overhead fans with full carpets. The master bath contains a full 60-inch shower and stand alone tub. There is A/C throughout and carports with work cabinets. The hillside location provides valley v8ews and only 5 minutes to downtown area.The rental income will produce approximately $68,000 of Net income before debt service. The tax benefit will $ per year on a 15 year Accelerated Depreciation., effectively providing Tax Deferred income. Consult your Tax Advisor to determine the estimated amount based on the projected income the approximate $68,000.Anticipated tax reduction based on 27 1/2 year straight-line depreciation schedule. Year 1 includes 60% of landscaping and other costs, $38,734 Year 2 through 27 1/2 $24,334 equals $671,417
Property Type(s):
Single Family
| Last Updated | 7/31/2024 | Tract | Not Applicable-1 |
|---|---|---|---|
| Year Built | 2024 | Community | Desert Hot Springs |
| County | Riverside |
Price History
| Prior to Jul 31, '24 | $855,000 |
|---|---|
| Jul 31, '24 - Today | $575,000 |
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Electric Water Heater, Gas Cooking, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Water To Refrigerator |
| AREA | Desert Hot Springs |
| GARAGE | Driveway |
| HEAT | Central |
| LOT | 0.25 acre(s) |
| LOT DESCRIPTION | Planned Unit Development, Sprinkler System, Sprinklers Timer |
| PARKING | Driveway |
| STORIES | 1 |
| SUBDIVISION | Not Applicable-1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Desert,Mountain(s) |
Location
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