Deal numbers
- Est. cap rate
- 2.9%
- Assumed rent, all units
- $3,920/mo
- Units
- 2
- Price per unit
- $399,950
- Est. annual NOI
- $23,520
- 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
- $44,688
- Operating expenses
- $22,344
- Net operating income
- $22,344
- Annual debt service
- $47,896
- Annual cash flow
- -$25,552
- Cash on cash return
- -12.8%
- Down payment
- $199,975
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
- 2,240 sqft
- Lot size
- 7,248 sqft
- Year built
- 1990
- Stories
- 1
- Garage spaces
- 2
- Heating
- Natural Gas
- Pool
- None
- Status
- Active
- Days on market
- 50
- MLS #
- 240781627
About this property
This is a great opportunity for a first time home buyer or an investor. Ideal for the buyer who looking to live in one while getting help from the other unit. Near I-10, SR-71, SR-57, and SR-60 freeways, Western University of Health Sciences, and Pomona’s Art Colony & Antique District, and CalPoly Pomona University.
Location
197 Newman
Pomona, Los Angeles, CA, 91768