Location
470 East Avenida Olacha, Palm Springs, CA 92264 USA
Whole Home Value
$2,280,000
Attributes
5 BD | 5 BA | 1,563 sq ft
Year Built
2019
About This Home

Now you can have it all - mountain views, like-new construction and spa-like amenities make this micro-resort perfect for second home living. Bacana is a 5-bedroom, 5-bathroom compound perfectly situated at the end of a little cul-de-sac in sunny South Palm Springs. Overlooking the beautiful San Jacinto mountain range, this flexible vacation home is designed to be simple, fresh, and efficient. The compound has been completely redesigned to accommodate families, friends and large groups with fully furnished designer rooms, efficient kitchens, top of the line appliances and original artwork.

Distinctive Amenities

Mountain views

Spa

Outdoor fireplace

Sunset views

Heated pool

Outdoor kitchen

Covert patio

Walk to town

Shared Roof Standard Amenities

Shared Room Essentials

Fully furnished

Kid friendly

Professionally decorated

Owner storage

Pet friendly

Investment ROI Calculator
$
Your Total Return
Investor continue 
Investor exit 
Est. target share 
1.54%
1.54%
Your est. net return 
$1,154
$808
Your return + investment 
$10,385
$10,039
Your est. ROI 
12.50%
8.75%
Est. annualized ROI 
12.50%
8.75%
Est. time frame 
12 mos.
12 mos.
Please click the continue or exit button to view the full details of each option
Continue to rental
Exit the investment

Financial Details

Entity established date 
01/13/2022
Starting date 
05/23/2022
Est. ending date 
11/21/2023
Est. purchase price 
$812,000
Est. purchase costs & fees 
$0
Est. loan fee (2.00%) 
$35,000
Est. construction expenses 
$1,286,892
Est. total investment 
$2,133,892
Est. down payment 
$700,000
Est. loan amount 
$1,433,892
Est. interest rate (8.00%) 
$85,000
Est. loan term 
12 months
Est. future property value 
$2,700,000
Est. total investment 
-$2,133,892
Est. interest rate (8.00%) 
-$85,000
Est. net value increase 
$481,108
Class A Unit Development Fees
Service fee 
60.00%
Investor exit fee 
1.60%
Est. closing costs 
4.00%
Class A Unit Rental Fees
Gatsby rental fee 
30.00%
Disposition Fee 
30.00%
Investor exit fee 
4.20%
Est. closing costs  
6.00%

Project Description

Gatsby will complete a full remodel of the interior and exterior of this house, as well as upgrade the landscape and hardscape. To maximize the value of the property, we are adding an extra bedroom to the main house and building a brand-new ADU (Accessory Dwelling Unit) in the backyard.

Award-winning architects, Landry Design Group, provide customized color combinations and design finishes to create a stunning before and after result.


ADU (Accessory Dwelling Unit): 
  • Build a brand-new separate unit in the backyard. This unit can be used as a guest house or a rental unit.
  • The 1100 sq ft unit include a living room, a kitchen, 3 bedrooms, and 2 bathrooms.

Main house interior:
  • Add 1 extra bedroom. We use some existing space of the home and convert it to an additional bedroom.
  • New kitchen, bathrooms, floors, and doors
  • New dry walls with fresh paint
  • Upgrade the electric and plumbing 
  • Upgrade the HVAC system
 
Main house exterior: 
  • Upgrade the finishing of the house and paint it in a new color
  • New front and back doors
  • New windows
  • Redo the roof 

Landscape:
  • Redesign the garden with custom landscape plans
  • Add a fence

Hardscape: 
  • Upgrade the driveway
  • Redesign the entrance to the house


NOTE: Time frames are subject to change due to events outside of our control. Past performance does not assure future results.