Deal numbers
- Est. cap rate
- 1.5%
- Assumed rent, all units
- $4,340/mo
- Units
- 2
- Price per unit
- $845,000
- Est. annual NOI
- $26,040
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $49,476
- Operating expenses
- $24,738
- Net operating income
- $24,738
- Annual debt service
- $101,193
- Annual cash flow
- -$76,455
- Cash on cash return
- -18.1%
- Down payment
- $422,500
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Building size
- 1,424 sqft
- Lot size
- 7,589 sqft
- Year built
- 1927
- Garage spaces
- 5
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1479
- MLS #
- 174361504
About this property
*** 9 Units Apartment Plan has been submitted already!! Good project for investers and contractors. Duplex units with tenants. Plan for 9 units apartments has been submitted already. It would be for multiple units building for 3 studio and 6 3beds/2bath. Don't miss this wonderful opportunity for your development!
Location
247 S Carondelet Street
Los Angeles, Los Angeles, CA, 90057