Deal numbers
- Est. cap rate
- 3.9%
- Assumed rent, all units
- $8,040/mo
- Units
- 4
- Price per unit
- $312,500
- Est. annual NOI
- $48,240
- 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
- $91,656
- Operating expenses
- $45,828
- Net operating income
- $45,828
- Annual debt service
- $74,847
- Annual cash flow
- -$29,019
- Cash on cash return
- -9.3%
- Down payment
- $312,500
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
- 5
- Building size
- 1 sqft
- Lot size
- 6,559 sqft
- Year built
- 1898
- Stories
- 2
- Garage spaces
- 4
- Pool
- None
- Status
- Active
- Days on market
- 66
- MLS #
- 245292168
About this property
Great investment, excellent opportunity to own 4 unit in the heart of Long Beach, Poly High area. Excellent for the investor and maybe live in one and rent the others. One single family house plus a four plex. 4 garages. Walking distance to Long Beach Community College . Close to Signal Hill One mile from the beach. In the desirable Poly District by Poly High.
Location
1780 Lewis
Long Beach, Los Angeles, CA, 90813