Deal numbers
- Est. cap rate
- 4.1%
- Assumed rent, all units
- $3,580/mo
- Units
- 2
- Price per unit
- $261,900
- Est. annual NOI
- $21,480
- 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
- $40,812
- Operating expenses
- $20,406
- Net operating income
- $20,406
- Annual debt service
- $31,364
- Annual cash flow
- -$10,958
- Cash on cash return
- -8.4%
- Down payment
- $130,950
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
- 1,613 sqft
- Lot size
- 5,986 sqft
- Year built
- 1957
- Stories
- 1
- Garage spaces
- 2
- Style
- Traditional
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 65
- MLS #
- 240378647
About this property
Turn-key single-story duplex offering 1,613 sq. ft. of living space on a 6,098 sq. ft. lot in Lancaster! Each unit features 2 bedrooms and 1 bathroom and has been fully remodeled with modern upgrades throughout. Interiors include luxury laminate flooring, fresh interior paint, new baseboards, updated hardware, and soaring ceilings that provide abundant natural light. Both kitchens have been completely renovated with new cabinetry, quartz countertops, stainless steel sinks, and stainless steel appliances, including refrigerators, stoves, washers, and dryers. Bathrooms have been tastefully upgraded with custom tile showers featuring oversized shower heads and built-in shelving, along with new vanities, mirrors, lighting, and toilets. Additional improvements include new energy-efficient windows, individual A/C systems for each unit, a new roof, and freshly painted exterior. The property also features a two-car garage and a spacious lot. Ideal opportunity for an owner-occupant to live in one unit and rent the other, or for an investor seeking a fully renovated, income-producing property. Turn-key and ready for immediate occupancy. Call today for your private showing!
Location
45445 Cedar Ave.
Lancaster, Los Angeles, CA, 93534