For Sale · Specialty

1200 RANCHER CREEK Road Unit# 142ABCD, Osoyoos

1200 RANCHER CREEK Road Unit# 142ABCD, Osoyoos, BC V0H1V6

$105,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

84%

Year Built

2009

About this property

Welcome to your turnkey getaway at Spirit Ridge Resort & Spa. This GROUND FLOOR, FULL SHARE 1 bedroom suite is PET FRIENDLY. With 2 Queen beds and a pull out sofa there's lots of room for family and friends. This suite has an east facing deck overlooking the golf course and comes fully furnished and equipped, so all you have to do is arrive. The resort has a golf course, winery and Desert Centre. There's also a restaurant, spa, 2 pools, a waterslide, a hot tub, and a private beach. Owners get a range of privileges and travel exchange opportunities. When you're not enjoying your suite, put it in the rental pool professionally managed by Hyatt to earn income for you. You get the vacation home without the day-to-day work of running one. Please note that this is not a freehold strata property. It is a prepaid Crown lease on Native land, with a Homeowners Association, and HOA fees apply. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$105K
Down payment30% · $32K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$485

Projected NOI

$5K

Annual cash flow

$-499

Cash-on-cash

-1.58%

DSCR

0.91

Going-in cap

5.07%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

92,502

Households

33,225

Median income

$123,000

Median age

36.5

Daytime population

80,389

5-yr growth

0.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1200 RANCHER CREEK Road Unit# 142ABCD, Osoyoos.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.