Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $4,080/mo
- Units
- 2
- Price per unit
- $540,000
- Est. annual NOI
- $24,480
- 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
- $46,512
- Operating expenses
- $23,256
- Net operating income
- $23,256
- Annual debt service
- $64,667
- Annual cash flow
- -$41,411
- Cash on cash return
- -15.3%
- Down payment
- $270,000
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
- 2
- Building size
- 1,353 sqft
- Lot size
- 16,205 sqft
- Year built
- 1947
- Stories
- 1
- Garage spaces
- 0
- Heating
- See Remarks
- Cooling
- See Remarks
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 23
- MLS #
- 246682102
About this property
The existing duplex is being sold strictly in " as-is and where-is " condition. Seller will make no repairs, termite repairs, or other corrective work. Sale price includes City-approved building plans for four (4) houses and is ready to build. The seller divides the property into two individual parcels. Offering an excellent opportunity for a developer, investor, or builder. Great location with a school directly across the street and convenient access to surrounding amenities. Buyer to conduct their own due diligence and verify all permits, plans, approvals, development requirements, and property conditions with the appropriate governmental agencies.
Location
4562 Phelan
Baldwin Park, Los Angeles, CA, 91706