Beautiful Desert Home - Pool and Spa
1 of 5
shares taken / 4 available shares$590,000
home price
$118,000
cost per share
$1,144 / mo
estimated costs
$1,180 / mo
monthly income
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$23,600
|
|
Closing Cost
$7,080
|
|
Reserve Fund Deposit
$3,540
|
|
Total Cash at Closing
$34,220
|
Details
Own a piece of the festival scene with this beautifully maintained 2-bedroom, 2.5-bath single-family home located directly across from the Empire Polo Grounds—home to Coachella and Stagecoach.
Sleeps up to 8 guests comfortably, ideal for festival-goers, golfers, and vacationers
Private pool, hot tub, and firepit for the ultimate desert retreat
Located in a gated community near a golf course
Stylish interiors and modern amenities
This is a rare opportunity to invest in a beautiful property in one of Southern California’s hottest vacation home markets.
House Usage
- 5 shares total
- 10 weeks a year per share
About the Organizer
We've owned this home since 2022, but recently moved to Utah and aren't able to visit as much as we wish we could. We're offering co-ownership to 4 other potential owners who love the desert and want to enjoy this beautiful home.
We are currently listing it on Airbnb, and it performs very well. However we are flexible on whether or not to continue renting it out, depending on what the owners want.
Amenities
- Hot tub
- Pool
House Rules
- No pets
- No firearms allowed
- Short term renting permitted
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1 of 5
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$23,600
|
|
Closing Cost
$7,080
|
|
Reserve Fund Deposit
$3,540
|
|
Total Cash at Closing
$34,220
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$693
|
|
Insurance/Taxes
$128
|
|
Repairs
$98
|
|
Maintenance
$98
|
|
Utilities
$82
|
|
Cleaning
$45
|
|
Total Expenses
$1,144
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,180
|
|
Total Monthly Income
$1,180
|
A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.
We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.