EXCELLENT ROI - MANY OPTIONS - POSSIBLE 100% FINANCING
Excellent Investment Opportunity!! You decide...
This vacant, custom-built Rancho Mirage Cove home is move-in ready, comes with all appliances, freestanding fireplace in living room, bar w/refrigerator, in-ground Jacuzzi in Atrium, washer/dryer in garage and looks like it has never been lived in, even though it was built in 1987. No wear, no tear!
Option #1: Lease it out for $2,400 to $2,600 per month, no rehab required.
Option #2: You could do a light remodel, new front door and entry way, new kitchen cabinets, new counter tops, new fixtures, tub surrounds, tile, carpet and interior paint, all for around $30k and you could get an ARV of $589k and make a profit of around $99k. Rehab time 4 mos. ROI=60.6% annualized.
Option #3: You could do a modest remodel, all of the above, convert the Atrium (add 297sqft to 1948 existing, now total of 2245sqft) into living space, the property extends from the backyard wall another 15 feet across the whole property width and could be utilized also and a small pool could be added either in the front or backyard; Rehab Cost: $70k, ARV of $690k, profit of around $145k. Rehab time 4 mos. ROI = 82.17% annualized.
Home can be inspected and shown until 2/24/16, if you have any questions, please leave me a message or email [email protected] - Daniella