RE: Cabo Waterfront Investment Opportunity – UD July 11, 2015 Hello potential investors – Please see the links below for more info on the 1 resale suite (#502) that I have still for sale. For Starters, please check out the Los Cabos Tourist Video http://www.youtube.com/watch?v=LZCCp372juY&feature=youtu.be Or our suite video for our rental suite #402 – Villa 4 http://www.youtube.com/watch?v=36_ZO1Csky4&feature=youtu.be Or our suite web site that I created www.6717000.com/cabo . El Zalate Web Site http://www.6717000.com/elzalate/ The property is located 1 KM South from San Jose Del Cabo, Mexico and about 29 KM North of Cabo San Lucas. http://www.6717000.com/cabo/maps.html For comparisons sake, we will use suite #302 – Villa 4 that sold at $380,000 (without parking stall – parking stalls are around $40,000-$50,000 extra). The suite is 2 bedroom, 2 bath & is 1396 sf. For example if you can pull the money out of Canada or the US from one of your existing properties at an interest rate of approximately 3%. If you were to finance the full amount of $430,000 (including the garage) in Canada or the US at 3%, your payments would be around $2,030/mo. Maintenance Fees are $443/mo (2014), Taxes $50/mo, Management fee $50/mo, Utilities $250/mo (Satellite, Electricity, Telephone, Internet) = total is approx. $800/mo Therefore your cost to own this investment is $2800/month. We are generating $45,000/year or $3750/mo from rental income for our suite #402-Villa 4 for the last 3 years & We use the condo at least 2-3 months a year personally. The bottom line – you can make up to $1000/month net income on this investment after all expenses or in other words your $150,000 that you are investing is giving you a return of $1000/mo. Prices have come down in Cabo 40% in the last 5 years – this is the bottom of the market & prices are starting to creep up again. There have been no sales in El Zalate from 2009 – 2012. In 2013 there have been 4 sales with #402 Villa 4 selling for $380,000 (no garage) Suite #301 Villa 1 which is a 700 sf 1 bed also just sold for $300,000 with no garage in December 2014. Cabo has 330 days of sun a year and the average temperature is 25 degrees with no humidity (except in July/August & September). Cabo has all the modern conveniences of Canada (Costco, Home Depot, Sam’s Club, Walmart) and is very safe as compared to mainland Mexico (Check out the Drug Cartel map in the middle of this site http://www.6717000.com/elzalate/) Properties can be registered through a trust (Fideicomiso) or in Fee Simple (The laws just recently got changed in Jan 2014 re the fee simple process – I need to look into this some more but most accountants in Mexico suggest that the purchase should be thru a Fideicomiso) - Please call me if you have any more questions at 604-671-7000. More info on the trust at http://www.banderasnews.com/1310/re-tropicasa-mexico-real-estate-fideicomiso.htm Here is a link to the web site that I developed for this complex http://www.6717000.com/elzalate/ Check out a video of the area http://mexicomyspace.ning.com/group/cabosanlucas?xg_source=activity Or another video of the area that a local real estate agent put together; http://www.youtube.com/embed/rUWd_qTXEeo Or our personal Condo that we currently rent out making $45,000/year in rental income & we use it for 2-3 months a year The link to the suite thatis for sale is; http://www.6717000.com/elzalate/forsale/index.html SOLD $600,000 - Suite #301 – Villa 4 – 2100 sf (For Sale $625,000) Sold at $380,000 - Suite #302 – Villa 4 – 1400 sf – no garage
(was For Sale $460,000) http://www.6717000.com/elzalate/forsale/villa302/index.html Sold at $380,000 (Dec 2013) - Suite #403 – Villa 4 – no garage Suite #502 – Villa 4 – 1400 sf (For Sale $499,000 incl garage & car) http://www.6717000.com/elzalate/forsale/villa502/index.html or http://www.6717000.com/FP31391-31391-5024elzalateother To View all El Zalate MLS Listings to compare – click this link & follow the instructions http://www.6717000.com/elzalate/construction.html To view all El Zalate VRBO rentals click http://www.vrbo.com/vacation-rentals/mexico/baja-california-sur/san-jose-del-cabo/el-zalate http://www.6717000.com/FP31571-31571-40losvallesclubcampestrother - another property at Club Campestre that I am selling http://www.6717000.com/elzalate/villas/villa1/index.html - Villa 1 floor Plans http://www.6717000.com/elzalate/villas/villa2/index.html - Villa 2 floor plans http://www.6717000.com/elzalate/villas/villa3/index.html - Villa 3 floor plans http://www.6717000.com/elzalate/villas/villa4/index.html - Villa 4 floor plans |
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