Deal numbers
- Est. cap rate
- 3.7%
- Assumed rent, all units
- $6,960/mo
- Units
- 2
- Price per unit
- $562,500
- Est. annual NOI
- $41,760
- 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
- $79,344
- Operating expenses
- $39,672
- Net operating income
- $39,672
- Annual debt service
- $67,362
- Annual cash flow
- -$27,690
- Cash on cash return
- -9.8%
- Down payment
- $281,250
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
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Building size
- 1,692 sqft
- Lot size
- 10,133 sqft
- Year built
- 1984
- Stories
- 1
- Garage spaces
- 0
- Heating
- Central
- Cooling
- Central Air,Wall/Window Unit(s)
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 41
- MLS #
- 246704557
About this property
Great opportunity to own a duplex in Pasadena offering a total of 4 bedrooms and 2 bathrooms with flexible living arrangements and investment potential. The property features spacious living areas with abundant natural light, tile and laminate-style flooring, and generously sized bedrooms. The main living space includes an open kitchen and dining area with ample cabinetry, granite-style countertops, and a large peninsula providing additional counter space. One of the bathrooms offers an oversized layout with a separate tiled shower and jetted soaking tub. Additional features include in-unit laundry, multiple dining and living spaces, and ample storage. Outside, the property offers an expansive concrete driveway and courtyard area with plenty of room for parking, along with mature landscaping and established fruit trees that provide shade and privacy. With two separate living units and a versatile layout, this Pasadena duplex presents an excellent opportunity for an investor looking to add a residential income property to their portfolio.
Location
144 Backus Avenue
Pasadena, Los Angeles, CA, 91107