San Jose del Cabo, Mexico
Hello potential investors – Please see the links and info below for the suite that I have for sale that is located in San Jose del Cabo, Mexico (#203-Villa 2– El Zalate) It is 15 minutes from the airport and 20 minutes. drive to Cabo San Luca.
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 – we make $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)
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) These units that I am selling are Foreclosures. The developer repossessed the units for nonpayment of the mortgage.
Properties can be registered through a trust (Fideilcomiso) 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 Fideilcomiso) - Please call me if you have any more questions at 604-671-7000.
Here is a link to the web site that I developed for this complex.
Check out a video of the area.
Or another video of the area that a local real estate agent put together.
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.
To View all El Zalate MLS Listings to compare – click this link & follow the instructions.
To view all Ez Zalate VRBO rentals click here
Or our personal Condo that we currently rent out making $45,000/year in rental income & we use it for 3 months a year
Suite #403 – Villa 4 http://www.6717000.com/elzalate/forsale/villa403/index.html
Or go to my Vancouver Web site for the same info but in a different format http://www.6717000.com/listings/condos/
Link to building website by Les Twarog - Link to HOA (Strata) website - Link to a rental UNIT – suite #402
- Current MLS Listings on Flex MLS for El Zalate -- (Go to subdivisions "3rd item on left" and select. Scroll to "El Zalate" and select. At the bottom of the page is "View Results #" the "#" will show the number of listings. Click "View Results".)