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729 Santa Teresa Way
Single Family Cash-flow positiveWithin your budget

729 Santa Teresa Way

729 Santa Teresa Way, Hemet, CA

2 beds 2 baths 1,392 sqft

Welcome to this spacious 2-bedroom, 2-bathroom double wide home in the desirable 55+ community of Sierra Dawn Estates. Built in 1970, this well-maintained property features an open floor plan, abundant natural light, and low-maintenance landscaping throughout. Interior highlights include a large living room, formal dining area with built-in China hutch, and a well-appointed kitchen offering garbage disposal, breakfast bar, and pantry. Thoughtful built-in cabinetry throughout the home provides plenty of storage space. The primary suite features ample counter space, a single-sink vanity, and a retro soaking tub. The spacious guest bedroom has direct access to a Jack and Jill bathroom. The indoor laundry room includes washer/dryer hookups (appliances EXCLUDED) and shelving for added convenience. Outside, enjoy a covered patio and carport parking. Solar to be transferred to new owner. Located near shopping, dining, and local services, this home offers comfort, convenience, and community living at its best. Sierra Dawn Estates' amenities include 4 clubhouses, 5 pools, Jacuzzi's, Sauna, Exercise Room, Shuffle Board and various other activities...contact management to hear all about it!

List price

$165,000

Est. monthly rent

$1,950

DSCR1.44×

Lender minimum: 1.25×

Monthly cash flow

$381

Cash-on-cash return

9.24%

Down payment (25%)$41,250
Closing costs (5%)$8,250
Total cash needed$49,500
Loan amount (75%)$123,750
Monthly mortgage (7.50%, 30yr)$865
Annual property taxes$2,063
HOA dues (monthly)$112
Insurance, vacancy, mgmt.$5,037
Net operating income (yr)$14,956
Gross yield14.18%

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