OC Apartment Brokers
2 Units - Cathedral City
33861 Whispering Palms Trail, Cathedral City 92234
DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
Current Income
| One 2-Bedroom 2-Bath | $1,250 |
| One 2-Bedroom 2-Bath | $1,295 |
| Monthly Total | $2,545 |
Cash Flow Analysis
| Gross Scheduled Income | $30,540 |
| Operating Expenses | $7,635 |
| Net Operating Income | $22,905 |
Acquisition Data
| Down Payment | $239600 (40%) |
| Loan Amount | $359,400 (60%) |
Details
- Annual Cash Flow
- Analysis Overview - Key Financials
- Cumulative Wealth - Equity vs Debt
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33861 Whispering Palms Trail
Car-Dependent
- Offering Memorandum
Property Description
RE/MAX Commercial - Apartment Sales Division is pleased to present a impeccably kept property. Two large approx. 1,220 sq. ft. 2 bedrooms 2 bath units. Both units have a 2 car garage and private patios. Rare opportunity to own a Residential Income Property in Cathedral City. This won't last. Close to shopping centers and minutes away from Palm Springs. Large lot with back yard area with the potential to build 2-3 additional units. Buyer to verify.
LIVING IN CATHEDRAL CITY
Cathedral City is a larger medium-sized city located in the state of California. With a population of 54,902 people and 14 constituent neighborhoods, Cathedral City is the 169th largest community in California.
Cathedral City is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Cathedral City is a city of service providers, sales and office workers, and professionals. There are especially a lot of people living in Cathedral City who work in food service (14.13%), sales jobs (12.20%), and maintenance occupations (11.83%).
The education level of Cathedral City citizens, measured as those with bachelor's degrees or advanced degrees, is similar to the national average for all American cities and towns. 19.78% of adults 25 and older in Cathedral City have a college degree.
The per capita income in Cathedral City in 2018 was $25,744, which is lower middle income relative to California, and middle income relative to the rest of the US. This equates to an annual income of $102,976 for a family of four. However, Cathedral City contains both very wealthy and poor people as well.