Deal numbers
- Est. cap rate
- 2.6%
- Assumed rent, all units
- $6,690/mo
- Units
- 3
- Price per unit
- $511,633
- Est. annual NOI
- $40,140
- 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
- $76,266
- Operating expenses
- $38,133
- Net operating income
- $38,133
- Annual debt service
- $91,906
- Annual cash flow
- -$53,773
- Cash on cash return
- -14.0%
- Down payment
- $383,725
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
- Triplex
- Bedrooms
- 3
- Building size
- 3,212 sqft
- Lot size
- 9,224 sqft
- Year built
- 1953
- Stories
- 2
- Garage spaces
- 4
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- Status
- Active
- Days on market
- 194
- MLS #
- 240664091
About this property
Spacious and versatile Santa Ana investment opportunity, perfect for both investors or owner-occupants! The property features a 5-bedroom front house (2,042 sq. ft.) and two separate 1-bedroom rear units (585 sq. ft. each) on a large 9,224 sq. ft. lot (per assessor). Address to the rear units are 306 and 308 Camille. Both the main house and rear units have separate meters and convenient alley access. The rear units are fully independent with private side entrances and no shared backyard space, providing privacy for tenants. Recent upgrades include updated windows, newer fencing, and extensive exterior wood repairs, including improved stair access and landings for the rear units. The property offers a large front yard with lush grass, a decorative cement and wrought-iron fence, a corner location with ample parking, and a low-maintenance backyard. Interior features include wood and tile flooring and interior wood stairs. Additional highlights include four single-car garages under the rear units and a separate driveway with direct access—perfect for RV or boat parking. Well-maintained and turnkey, this property provides strong rental income potential with minimal immediate upkeep.
Location
603 S Orange
Santa Ana, Orange, CA, 92701