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42588 Rancho Mirage Ln, Rancho Mirage, CA 92270

A completely renovated mid century modern in the highly sought after neighborhood of Magnesia Falls Cove, this house is a rare find. Designed by Casa 24, the emphasis was to capture the desert lifestyle through indoor/outdoor living. Situated on a large lot with mature olive trees and a gorgeous new pool, the slate flagstone flooring in the living room flows seamlessly to the large outdoor covered patio. This space can be used as an extension of your living room, al fresco dining, yoga or even a dance floor! Original features include large floor to ceiling windows, a gorgeous stone wall and stovepipe fireplace in the dining area. Ideal for entertaining, the kitchen doubles as a bar area. Custom details that can be seen throughout the house are walnut paneling, cabinetry and recessed lighting in the wood paneled ceilings. The bathroom fixtures are Dornbracht and terrazzo tile spills into the hallway. Walking distance to shopping, restaurants as well as the best local hiking trails, This is an ideal retreat, investment property or your next home with no HOA.

• $845,000

• 2 Bedrooms, 1 Bathrooms

• Average Daily Rate: $512

• Expected occupancy rate: 55%

• Monthly expected income: $8,565

• Monthly expected expenses: $6,480

• Monthly expected cash flow: $2,086

• Expected cash on cash return: 11.2%

4921 Oak Bay Road, Port Ludlow, WA 98365

Charm lives here! From the Dutch door at the entry to view of the Shipping Lanes on the deck side of the home, you'll find special features not available in brand new homes including built-in cabinetry and lots of storage. The warmth of wood gives this home a rustic, vacation-like feeling. Main level living too. There's plenty of room for gardening with 2.5 acres on separate tax parcels and yes, it is possible to open up the view of the water. Don't miss the shop/storage room on the lower level which offers an exterior entrance. Convenient parking for your guests and room for extra cars. This is a great opportunity to build instant equity. Convenient location to shopping, library, restaurants, schools, and county beach access.

• $399,000

• 3 Bedrooms, 3 Bathrooms

• Average Daily Rate: $264

• Expected occupancy rate: 67%

• Monthly expected income: $5,380

• Monthly expected expenses: $3,671

• Monthly expected cash flow: $1,709

• Expected cash on cash return: 18.2%

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