Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $3,740/mo
- Units
- 2
- Price per unit
- $337,500
- Est. annual NOI
- $22,440
- 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
- $42,636
- Operating expenses
- $21,318
- Net operating income
- $21,318
- Annual debt service
- $40,417
- Annual cash flow
- -$19,099
- Cash on cash return
- -11.3%
- Down payment
- $168,750
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
- Duplex
- Bedrooms
- 2
- Building size
- 1,469 sqft
- Lot size
- 8,875 sqft
- Year built
- 1956
- Stories
- 1
- Garage spaces
- 2
- Pool
- None
- Status
- Active
- Days on market
- 3
- MLS #
- 245774754
About this property
Rare investment opportunity!! Investor dream property located in a highly sought after rental location. Property is located near both the 110 and 105 freeways and the subway station. This property has a metal gate fence and consists of 2 units. The front house is 3 bedrooms 2 bath and the back house is 1 bedroom 1 bath. There is also a 2 car detached garage.
Location
357 E 116th Street
Los Angeles, Los Angeles, CA, 90061