Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $5,240/mo
- Units
- 2
- Price per unit
- $500,000
- Est. annual NOI
- $31,440
- 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
- $59,736
- Operating expenses
- $29,868
- Net operating income
- $29,868
- Annual debt service
- $59,877
- Annual cash flow
- -$30,009
- Cash on cash return
- -12.0%
- Down payment
- $250,000
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
- 5
- Bathrooms
- 3
- Building size
- 2,113 sqft
- Lot size
- 17,860 sqft
- Year built
- 1910
- Stories
- 1
- Garage spaces
- 2
- Heating
- Forced Air,Central
- Cooling
- Central Air
- Pool
- None
- View
- Trees/Woods,City Lights,Neighborhood,Hills,Peek-A-Boo,Panoramic
- Status
- Active
- Days on market
- 25
- MLS #
- 246578975
About this property
LUXURY LIVE AUCTION – BIDDING TO START FROM $1,000,000! Rare opportunity to own two detached single-story residences on an expansive approximately 17,860 SF lot in a private cul-de-sac setting. Ideal for an owner-user, multigenerational living, extended family, or buyers seeking rental-income flexibility. The front residence offers approximately 960 SF with 2 bedrooms, 1 bath, private yard space, and a separate laundry/storage area. The rear residence offers approximately 1,153 SF with 3 bedrooms, 2 baths, an open living/kitchen layout, private yard space, and ample parking. Both homes are separately metered for gas and electricity. Additional features include a detached 2-car garage, generous driveway/parking areas, and room for RV or recreational vehicle parking. Conveniently located near Santa Ana College, shopping, dining, La Placita, major freeways, and the OC Streetcar corridor. Property offers significant flexibility and future potential; buyers are encouraged to independently verify zoning, permits, square footage, ADU possibilities, redevelopment potential, and allowable uses with the City of Santa Ana.
Location
2430 W 6th #A&B
Santa Ana, Orange, CA, 92703