Deal numbers
- Est. cap rate
- 4.7%
- Assumed rent, all units
- $9,390/mo
- Units
- 3
- Price per unit
- $399,667
- Est. annual NOI
- $56,340
- 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
- $107,046
- Operating expenses
- $53,523
- Net operating income
- $53,523
- Annual debt service
- $71,793
- Annual cash flow
- -$18,270
- Cash on cash return
- -6.1%
- Down payment
- $299,750
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
- Triplex
- Bedrooms
- 3
- Building size
- 2,325 sqft
- Lot size
- 6,129 sqft
- Year built
- 1951
- Stories
- 1
- Garage spaces
- 3
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 245705338
About this property
Burbank investment opportunity. Well cared for triplex located near Victory Park and Providencia Elementary School. 3 units, each with 2 bedrooms, 1 bathroom. There is a community courtyard patio area, laundry room and 3 garage spaces. Building has a new roof and front unit has new windows, AC and drywall.
Location
1988 N Ontario Street
Burbank, Los Angeles, CA, 91505