Deal numbers
- Est. cap rate
- 3.4%
- Assumed rent, all units
- $8,920/mo
- Units
- 4
- Price per unit
- $397,500
- Est. annual NOI
- $53,520
- 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
- $101,688
- Operating expenses
- $50,844
- Net operating income
- $50,844
- Annual debt service
- $95,205
- Annual cash flow
- -$44,361
- Cash on cash return
- -11.2%
- Down payment
- $397,500
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
- 4
- Building size
- 4,266 sqft
- Lot size
- 5,972 sqft
- Year built
- 1977
- Stories
- 2
- Garage spaces
- 6
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 246035103
About this property
Prime Santa Ana Investment Opportunity! Discover an exceptional Four Unit Residential property situated in a highly desirable, walkable neighborhood just steps from local schools and markets. This well maintained building features a versatile unit mix consisting of 3 spacious 2 bedroom 2 bathroom units and an expansive 3 bedroom 2 bathroom unit. Additional income is generated by a convenient on site laundry room adding continues value for investors. This is an excellent long term potential in a thriving community.
Location
701 E Chestnut
Santa Ana, Orange, CA, 92701