Deal numbers
- Est. cap rate
- 2.2%
- Assumed rent, all units
- $4,460/mo
- Units
- 2
- Price per unit
- $600,000
- Est. annual NOI
- $26,760
- 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
- $50,844
- Operating expenses
- $25,422
- Net operating income
- $25,422
- Annual debt service
- $71,853
- Annual cash flow
- -$46,431
- Cash on cash return
- -15.5%
- Down payment
- $300,000
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
- 1,519 sqft
- Lot size
- 6,350 sqft
- Year built
- 1940
- Stories
- 1
- Garage spaces
- 0
- Heating
- None
- Cooling
- Wall/Window Unit(s)
- Pool
- In Ground,Private
- View
- City Lights
- Status
- Active
- Days on market
- 1
- MLS #
- 239243533
About this property
Amazing Income Producing Two-on-a-Lot Opportunity + Private Pool + Solar + Easy Freeway Access Nestled in the heart of Santa Ana’s highly sought after 92701 corridor, this rare two-on-a-lot property is a must-see gem for savvy investors or large families seeking flexible living space and strong income potential. Boasting a main residence, a bachelor apartment, and a permitted playroom, with a private pool and expansive outdoor space perfect for entertaining, relaxing, or supplemental rental income. Key Highlights: Fully rented and income producing, exceptional tenant demand in a central, commuter-friendly location. Private pool a standout amenity for tenant attraction or family enjoyment. Solar panels energy-efficient and cost-saving, adding both sustainability and buyer appeal. 6 dedicated parking spaces unmatched convenience in Santa Ana’s urban market. Easy access to the I-5 Freeway, making this a commuter-friendly hub for tenants and owners alike. Great for multi-generational living or effective portfolio addition combine owner use with income generation. Whether you’re an investor seeking a solid cash-flow asset or a homeowner wanting flexible living with built-in return, this versatile property delivers with potential for appreciation and turnkey stability in a central Orange County location.
Location
626 N Grand
Santa Ana, Orange, CA, 92701