12182 Lakeshore Dr
CLEARLAKE, CA
Property Report
Property Details
- Type
- RSFR
- Bed
- 3
- Bath
- 1.0
- Units
- Bldgs
- Stories
- 1
- Parking
- Year Built
- 1950
- Zoning
- R1 w
- Lot Sqft (ac)
- 0 (0.00)
- Bldg Sqft
- 2000
- Listing Price
- $525,000
Listing Information
- Listing Date
- 2008-12-05
- MLS
- BAREIS - 20733733
- Listing Agent
- Timothy Toye
- Listing Office
- Timothy Toye & Associates
Comments
Gooseneck Lodge Resort! Lakefront home w/ fabulous income potential, triplex building, 1brm & 2studio apts, currently unrented, in need of upgrading plus unfinished lodge building, 4 more apartments. Home is in good condition w/ 2/3 brm, 1.5 bath,2000 sf, hardwood floors in family room, fabulous lakeview w/hot tub & basement for workshop, storage. Covered dock & boat slip w/automatic boat lift w/deep water berthing. 5 parcels totaling 0.70 acres.
Pictures
Listing information is being provided by the BAREIS Inc., MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2008 Bay Area Real Estate Information Services, Inc. All Rights Reserve. Listings last updated: 2009-01-07 12:04:46.
Active & Recently Sold Comparables
No active comparable properties found.
No recently sold comparable properties found.
Rental comparables
| Source | Accuracy | Low | Median | High | # of Comparables | More info |
|---|---|---|---|---|---|---|
| HUD FMR | Statistical Area (CBSA) | $1,190 | Not applicable | HUD FMR Information |
Investment Summary
This investment summary assumes a 30-year fixed loan, 20% down, 7% APR. It uses operating assumptions of 10% management fees, 9% vacancy allotment, 3% repairs. This investment summary assumes that rents increase each year by 5%. This property would need to be purchased for $165,000 in order to generate a break-even cashflow based on prevaliing market rents.
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
|---|---|---|---|---|---|
| Break-even Purchase Price | $165,000 | ||||
| Rents | $14,280 |
$15,688 |
$16,536 |
$19,094 |
$19,870 |
| Cashflow Before Taxes | $-1,545 |
$-447 |
$215 |
$2,210 |
$2,816 |
| Cash-on-Cash Return | -4.68% |
-1.35% |
0.65% |
6.70% |
8.53% |
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