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78750 Nolan Circle
Single Family Cash-flow positiveWithin your budget

78750 Nolan Circle

78750 Nolan Circle, La Quinta, CA

4 beds 3 baths 1,778 sqft

New co-ownership opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. Desert Mirage sits on a quiet residential street in La Quinta, within walking distance of the Indian Wells Tennis Garden and minutes from the PGA West golf courses that define this part of the Coachella Valley. The single-level stucco exterior is low and understated, with a two-car garage and a gated entry that gives little sense of the private backyard beyond.The open plan living and dining areas have vaulted ceilings and light hardwood floors, with large double doors that open the full width of the main living space to the backyard. The kitchen has gray cabinetry, a peninsula with breakfast bar seating and pendant lighting above. The primary bedroom has its own en suite bath and direct access to the outdoors. Three additional bedrooms each with private baths complete the layout.The heated pool with tanning shelf, hot tub and water feature sits at the center of the backyard, surrounded by floral hedge walls and palm trees that give the space a genuinely private, resort-like quality. A pergola-covered patio with outdoor lounge seating and a dining area extends the living spaces into the desert air. The Indian Wells Tennis Garden hosts the BNP Paribas Open each spring, one of the largest tennis tournaments in the world, and PGA West's championship courses are minutes away.Desert Mirage is professionally designed, appointed and managed by Pacaso. Owners arrive to find everything ready, with nothing left to arrange before the stay begins.

List price

$125,000

Est. monthly rent

$2,800

DSCR3.22×

Lender minimum: 1.25×

Monthly cash flow

$1,458

Cash-on-cash return

46.66%

Down payment (25%)$31,250
Closing costs (5%)$6,250
Total cash needed$37,500
Loan amount (75%)$93,750
Monthly mortgage (7.50%, 30yr)$656
Annual property taxes$1,563
Insurance, vacancy, mgmt.$6,673
Net operating income (yr)$25,364
Gross yield26.88%

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