Deal numbers
- Est. cap rate
- 2.8%
- Assumed rent, all units
- $4,020/mo
- Units
- 2
- Price per unit
- $425,000
- Est. annual NOI
- $24,120
- 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
- $45,828
- Operating expenses
- $22,914
- Net operating income
- $22,914
- Annual debt service
- $50,896
- Annual cash flow
- -$27,982
- Cash on cash return
- -13.2%
- Down payment
- $212,500
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
- 3
- Building size
- 2,342 sqft
- Lot size
- 4,924 sqft
- Year built
- 1910
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 2
- MLS #
- 245697199
About this property
Great income Property three units on corner lot. Live in one and rent the other two units. The property features an attractive units mix of two 2- bedroom/1bath and one Studio and 1bath. The transit-oriented location provide convenient access to Downtown Long Beach, local retail and freeway near by.
Location
1601 Pine
Long Beach, Los Angeles, CA, 90813