Deal numbers
- Est. cap rate
- 1.2%
- Assumed rent, all units
- $6,080/mo
- Units
- 2
- Price per unit
- $1,575,000
- Est. annual NOI
- $36,480
- 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
- $69,312
- Operating expenses
- $34,656
- Net operating income
- $34,656
- Annual debt service
- $188,613
- Annual cash flow
- -$153,957
- Cash on cash return
- -19.6%
- Down payment
- $787,500
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
- 2,300 sqft
- Lot size
- 2,631 sqft
- Year built
- 1980
- Stories
- 2
- Garage spaces
- 2
- Heating
- Central
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 145
- MLS #
- 241831995
About this property
Located on the highly desirable Newport Beach Peninsula, this gorgeous duplex offers the perfect blend of coastal lifestyle and investment opportunity, complete with tranquil canal water views. The upper unit has been fully remodeled and features 3 bedrooms and 2 bathrooms, highlighted by vaulted ceilings and an abundance of natural light. Enjoy scenic canal views from the main living areas, complemented by new laminate wood flooring throughout and a stunning open-concept kitchen with white quartz countertops, stainless steel appliances, and recessed lighting. The unit also includes its own private laundry room. The lower unit offers 2 bedrooms and 2 bathrooms, an updated kitchen, and laminate flooring throughout. A spacious private patio provides ideal indoor-outdoor living. Additional features include a generous 2-car garage plus parking for two additional vehicles—an exceptional amenity on the Peninsula. Situated in the sought-after Finley community, the property is just moments from the shops and restaurants of Lido Marina Village and a less than 5 minute walk from the beach. With easy access on and off the Peninsula, this is a rare opportunity to own a turnkey coastal duplex in one of Newport Beach’s most coveted locations.
Location
406 Clubhouse
Newport Beach, Orange, CA, 92663