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$900,000
2638 Iowa
South Gate, Los Angeles, 90280
Duplex · 2 units
Active · 1 days on market
Deal numbers
- Est. cap rate
- 2.5%
- Assumed rent, all units
- $3,740/mo
- Units
- 2
- Price per unit
- $450,000
- 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.
5.0%
50%
25%
7.00%
- Effective gross income
- $42,636
- Operating expenses
- $21,318
- Net operating income
- $21,318
- Annual debt service
- $53,890
- Annual cash flow
- -$32,572
- Cash on cash return
- -14.5%
- Down payment
- $225,000
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
- 1,618 sqft
- Lot size
- 5,133 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 2
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 244312868
About this property
CITY OF SOUTH GATE, FRONT UNIT : 3 BEDROOMS 1 BATH, 2ND UNIT: 2 BEDROOM 1 BATH, 2 CAR GARAGE, DRIVEWAY, GATED, CLOSE TO TRANSPORTATION, SHOPPING CENTERS, ETC.
Location
2638 Iowa
South Gate, Los Angeles, CA, 90280