Deal numbers
- Est. cap rate
- 3.8%
- Assumed rent, all units
- $4,440/mo
- Units
- 2
- Price per unit
- $352,500
- Est. annual NOI
- $26,640
- 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
- $50,616
- Operating expenses
- $25,308
- Net operating income
- $25,308
- Annual debt service
- $42,213
- Annual cash flow
- -$16,905
- Cash on cash return
- -9.6%
- Down payment
- $176,250
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
- Building size
- 1,392 sqft
- Lot size
- 5,003 sqft
- Year built
- 1922
- Stories
- 1
- Garage spaces
- 2
- Style
- Bungalow
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 479
- MLS #
- 237192749
About this property
Contractors dream, two houses and detached garage on lot. Front house is 1920's craftsman bungalow with many original features. Its a one bedroom, one bathroom, separate dining room, laundry room and attic/loft space. Back house is one bedroom and one bathroom, possible access off of alley. There is also a separate two car garage. Home is in distress condition and will not qualify for traditional financing.
Location
2908 Future Street
Los Angeles, Los Angeles, CA, 90065