Deal numbers
- Est. cap rate
- 3.5%
- Assumed rent, all units
- $3,500/mo
- Units
- 2
- Price per unit
- $300,000
- Est. annual NOI
- $21,000
- 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
- $39,900
- Operating expenses
- $19,950
- Net operating income
- $19,950
- Annual debt service
- $35,926
- Annual cash flow
- -$15,976
- Cash on cash return
- -10.7%
- Down payment
- $150,000
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
- 900 sqft
- Lot size
- 2,076 sqft
- Year built
- 1909
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 24
- MLS #
- 246746146
About this property
Great Opportunity to Purchase an affordable Income-Producing Duplex in East Los Angeles. This Property Features (2) Units, including a 2-bedroom, 1-bath and a 1-bedroom, 1-bath, offering Flexibility and wonderful potential for any Buyer or Investor. The Property Includes Separate Electric and Gas Meters, Making Utility Management More Convenient. Recent Improvements include Brand-New Copper Plumbing Pipes throughout the Property, adding Value and long term Peace of Mind. Conveniently Located near Major Freeways for Easy Commuting and Close to Shopping, Schools, Dining, and Local Amenities. A Fantastic Opportunity with Great Potential!
Location
231 S Hicks Avenue
East Los Angeles, Los Angeles, CA, 90063