Deal numbers
- Est. cap rate
- 5.0%
- Assumed rent, all units
- $6,030/mo
- Units
- 3
- Price per unit
- $241,667
- Est. annual NOI
- $36,180
- 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
- $68,742
- Operating expenses
- $34,371
- Net operating income
- $34,371
- Annual debt service
- $43,411
- Annual cash flow
- -$9,040
- Cash on cash return
- -5.0%
- Down payment
- $181,250
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
- 1,162 sqft
- Lot size
- 1,891 sqft
- Year built
- 1916
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 28
- MLS #
- 246516886
About this property
Welcome to 1047 E. New York Street a wonderful opportunity to own a home in Long Beach! This inviting property offers an excellent opportunity for buyers looking to make a home their own in a convenient Long Beach location. This property offers plenty of potential, live in one and rent the other 2 this home is ready for its next chapter. Whether you're a first-time homebuyer, looking for your next home, or searching for an investment opportunity, this property offers the flexibility and potential to suit a variety of needs. Enjoy the convenience of being near local shopping, dining, schools, parks, BEACH and major transportation routes, with everything Long Beach has to offer within easy reach.
Location
1047 E New York
Long Beach, Los Angeles, CA, 90813