INCOME-GENERATING DUPLEX. Steady cash income and property value appreciation DESIRABLE NEIGHBORHOOD. Among primarily single-family homes above Mission Lakes DESIGN. Laundry area, garage, patio, central HVAC, master w bathroom, walk-in closet SEE Video & Virtual tour under FACTS & FEATURES section on this webpage below. SEE Property Owner phone number under WHAT’S SPECIAL Section on this webpage. UPSIDE IN OPERATING INCOME and ROI using market-based rents, tenant paid utilities. CURRENT INVESTOR-OWNER for LAST 30 YEARS - selling because Depreciation Deduction is expired. REQUEST FINANCIAL DATA SHEETS for INVESTOR showing 6.9% ROI. REQUEST OWNER-OCCUPANT ANALYSIS. Case study how to own for same cost as renting using Income from ½ Duplex + Tax Benefits. INCOME RENT: Current tenants on month-to-month Lease at $970/unit. Comparable market rents are $1,600/unit. Current Annual Rent ~$23,280/yr. Potential Market Annual Rent ~$38,400/yr. TAX SAVINGS: Investor or Owner/Occupant can benefit from various tax savings. One common and valuable one is the deduction allowed each year for Rental Property Depreciation, see following examples. Note: Tax savings are different for Investor and Owner/Occupant. Reference the Modified Accelerated Cost Recovery System (MACRS) under the General Depreciation System (GDS). For your specific case consult your Tax Advisor. Example For Investor: Consider a case where Investor’s Marginal Tax rate is 24%. With $485k purchase price, yearly deduction from gross income of ~ $15,873 is possible. Resulting in ~$3,809 Federal and ~$1,476 California tax savings resulting in a total savings estimate of ~$5,286/yr. from the deprecation allowance. Request Data Sheet for more detailed investment analysis and metrics Projected ROI in 6.6-6.9% range. Example For Owner/Occupant: Get tax saving benefits as an owner of both a home and rental property. Deductions for Depreciation and Operating Expenses accrue from the rental side. Deductions for Mortgage Interest, Property Taxes accrue from owner-occupant side of the Duplex. For owner-occupant financial analysis and details of benefits request a Data Sheet. EXPENSES 1)Financing: The amount of this expense depends on the degree of borrowing the buyer chooses. So, you must do your own calculation. 2)Property Taxes: Estimate based on sale price using current Riverside County Tax Rate of 1.216 per $100 on Full Taxable Value =90% Structure and 10% Land. Plus, Assessments & Fixed Charges are $251.08 ~$6,149/yr. 3)Insurance: Based on replacement cost of $250 per sq ft with deductible of $2,500 ~$1,400/yr. 4)Repairs & Maintenance: Based on an average of the last 5 years ~$2,500/yr. 5)Utilities: Figures for 2024 are Landlord paying for following utilities: Desert Valley Disposal ~$1007/yr. currently Paid by Landlord, Mission Spring Water ~$418/yr. currently Paid by Landlord, Sewer Service ~$321/yr. currently Paid by Landlord. Total ~$1,746/yr. Gas, Electric, Internet, Cable currently Paid by Tenant. Therefore, amounts not included. Expenses listed in items 2-5 above total ~$11,795/yr. Item 1) Financing not included. NOTE: Shift to Tenant Paid arrangement for the above Landlord Paid utilities is possible. Since only one water meter is on the property, need to add ~$400 for monitoring device like YoLink, for separate unit billing.
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