Est. cap rate

5.7%

Assumed rent, all units

$4,420/mo

Units

2

Price per unit

$231,265

Est. annual NOI

$26,520

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.

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

800 sqft

Lot size

3,920 sqft

Year built

1947

Stories

1

Garage spaces

0

Style

Traditional

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

160

MLS #

242243196

About this property

Affordable duplex in Lake Elsinore with new vinyl fencing and each unit offers a private yard. Both units are 1BD/1BA, 400 sq ft (buyer to verify) clean, functional, and maintained, with strong rental appeal. Unit A totals $1,700/mo with rent and surcharges, and Unit B totals $1,461.80/mo with rent and surcharges. Gross annual income is approximately $37,941.60 with a reported net of $26,559.12, reflecting an estimated 5.7% cap rate at a $463,500 price (buyer to verify all figures). Plenty of parking on site. Located within walking distance to Lake Elsinore and Perret Park for boating, water sports, fishing, and outdoor recreation. Zoned commercial, offering additional possibilities for buyers with business needs—buyer to verify all uses with the City of Lake Elsinore. Suitable for investors or an owner-occupant who wants to live in one unit and rent the other. Buyer to verify all information, income, expenses, zoning, and feasibility.

Location

17797 Grand A & B

Lake Elsinore, Riverside, CA, 92530