Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $3,600/mo
- Units
- 2
- Price per unit
- $349,500
- Est. annual NOI
- $21,600
- 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
- $41,040
- Operating expenses
- $20,520
- Net operating income
- $20,520
- Annual debt service
- $41,854
- Annual cash flow
- -$21,334
- Cash on cash return
- -12.2%
- Down payment
- $174,750
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
- 1,602 sqft
- Lot size
- 6,035 sqft
- Year built
- 1937
- Stories
- 0
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 49
- MLS #
- 245959714
About this property
Income-producing opportunity featuring two separate tenant-occupied residences on one approximately 6,035 SF lot. The property consists of a 2-bedroom/1-bath residence and a separate 1-bedroom/1-bath residence, providing two rental income streams. Both units are currently occupied, allowing an investor to acquire a property with existing income in place. The property also offers convenient access to Downtown Los Angeles, USC, Exposition Park, major freeways and public transportation. Two separate residences. Two income streams. One investment opportunity.
Location
4215 S Budlong
Los Angeles, Los Angeles, CA, 90037