Deal numbers
- Est. cap rate
- 2.0%
- Assumed rent, all units
- $3,740/mo
- Units
- 2
- Price per unit
- $549,000
- Est. annual NOI
- $22,440
- 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
- $42,636
- Operating expenses
- $21,318
- Net operating income
- $21,318
- Annual debt service
- $65,745
- Annual cash flow
- -$44,427
- Cash on cash return
- -16.2%
- Down payment
- $274,500
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
- 3,760 sqft
- Lot size
- 6,045 sqft
- Year built
- 2018
- Stories
- 2
- Garage spaces
- 3
- Heating
- Central
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 93
- MLS #
- 244312851
About this property
This very desirable income producing duplex consists of 2 5-bedroom 3-bathroom units with one single car garage in the front unit and 2-car garage in the back unit. Each unit has an open floor plan with a large living area that includes granite countertops, tile flooring, carpet, solid wood cabinets and forced air heating. The property includes an artificial lawn for low cost landscaping maintenance. Conveniently located to access the newly renovated Downtown Los Angeles area.
Location
344 E 118th
Los Angeles, Los Angeles, CA, 90061