Deal numbers
- Est. cap rate
- 2.6%
- Assumed rent, all units
- $10,920/mo
- Units
- 4
- Price per unit
- $637,500
- Est. annual NOI
- $65,520
- 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
- $124,488
- Operating expenses
- $62,244
- Net operating income
- $62,244
- Annual debt service
- $152,687
- Annual cash flow
- -$90,443
- Cash on cash return
- -14.2%
- Down payment
- $637,500
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
- Quadruplex
- Bedrooms
- 4
- Building size
- 4,796 sqft
- Lot size
- 9,450 sqft
- Year built
- 1978
- Stories
- 2
- Garage spaces
- 5
- Pool
- None
- Status
- Active
- Days on market
- 115
- MLS #
- 243488211
About this property
This Beautiful Covington 4 Plex is one of the nicest on an excellent CuL-de-sac street in Huntington Beach,It has been well maintained and show well .It has one large 3 bdrm-2.5 bth front unit and three 2 bdrm -2bth units, It has five garages and parking for 6 more cars in the back. EXCELLENT LOCATION, very convenient close to beach and shopping. It very nice 4 PLEX, must see.
Location
7782 Newman Avenue
Huntington Beach, Orange, CA, 92647