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72985 Somera Road
Single Family Cash-flow positiveWithin your budget

72985 Somera Road

72985 Somera Road, Palm Desert, CA

4 beds 4 baths 3,163 sqft

New co-ownership opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. Looking for a slice of privacy in Palm Desert? Tucked inside a walled yard on an elevated corner lot, this home is ideal for indoor/outdoor desert living. The open floor plan features 12-foot ceilings in the living room and a large glass door that opens to the pool, spa and views of the nearby mountains. The gourmet kitchen is every cook's dream, with high-end appliances and lots of counter space. The spacious primary bedroom is a homeowner oasis, offering an en suite bathroom with an oversized shower and two large closets -- and more mountain views. Three guest rooms await family and friends. The home, close to El Paseo shopping and dining, comes fully furnished and professionally decorated.

List price

$289,000

Est. monthly rent

$3,500

DSCR1.62×

Lender minimum: 1.25×

Monthly cash flow

$933

Cash-on-cash return

12.91%

Down payment (25%)$72,250
Closing costs (5%)$14,450
Total cash needed$86,700
Loan amount (75%)$216,750
Monthly mortgage (7.50%, 30yr)$1,516
Annual property taxes$3,613
Insurance, vacancy, mgmt.$9,005
Net operating income (yr)$29,382
Gross yield14.53%

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