Est. cap rate

3.3%

Assumed rent, all units

$4,440/mo

Units

2

Price per unit

$399,500

Est. annual NOI

$26,640

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

1,092 sqft

Lot size

3,750 sqft

Year built

1941

Stories

1

Garage spaces

0

Style

Traditional

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

3

MLS #

244901946

About this property

Income producing duplex in family friendly neighborhood. Each unit is 1 bedroom/ 1 bathroom with inside laundry. Front unit has been remodeled to include wide-plank/ wood-look laminate flooring, painted accent walls, contemporary lighting & ceiling fans, and new energy efficient windows. Each unit boasts a 2-step covered entry, charming/ curved bay window in the living room, arched doorways, gas ranges and inside laundry rooms. There are 4 dedicated parking spots in the driveway under a covered carport area (complete with storage) to match the home. Back unit has wood flooring in main living area and tile everywhere else. Kitchens have tile counters and bright white cabinets. Craftsman style closets are built-in to each bedroom, maximizing storage and living space. Back unit has private/ gated yard with a metal sliding fence along back wall providing access to alley behind. Front house has gated dog run area and citrus trees. Entire property enclosed with rod iron security gate. Great investment opportunity!

Location

304 N. Susan St.

Santa Ana, Orange, CA, 92703