Deal numbers
- Est. cap rate
- 3.7%
- Assumed rent, all units
- $4,500/mo
- Units
- 2
- Price per unit
- $365,000
- Est. annual NOI
- $27,000
- 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
- $51,300
- Operating expenses
- $25,650
- Net operating income
- $25,650
- Annual debt service
- $43,710
- Annual cash flow
- -$18,060
- Cash on cash return
- -9.9%
- Down payment
- $182,500
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
- 1,300 sqft
- Lot size
- 2,259 sqft
- Year built
- 1908
- Stories
- 1
- Garage spaces
- 1
- Pool
- None
- Status
- Active
- Days on market
- 78
- MLS #
- 244826103
About this property
Welcome to this great investment opportunity or ideal owner-occupied property! This quaint and unique duplex features a comfortable 1 bedroom, 1 bath home with a backyard and a charming open-floorplan studio with its own private entrance. Each unit offers functional living spaces, making this property perfect for generating rental income, multigenerational living, or living in one unit while renting the other. Conveniently located near coffee shops, schools, dining, major commuter routes, this versatile property offers excellent potential for investors and homeowners alike. Don't miss the opportunity to own this income-producing property with endless possibilities. Bring your creative financing to the table. Seller willing to negotiate and work on all terms. Schedule a tour today!
Location
2828 E 10th
Long Beach, Los Angeles, CA, 90804