Deal numbers
- Est. cap rate
- 5.1%
- Assumed rent, all units
- $6,660/mo
- Units
- 3
- Price per unit
- $259,259
- Est. annual NOI
- $39,960
- 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
- $75,924
- Operating expenses
- $37,962
- Net operating income
- $37,962
- Annual debt service
- $46,571
- Annual cash flow
- -$8,609
- Cash on cash return
- -4.4%
- Down payment
- $194,444
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
- Bathrooms
- 3
- Building size
- 1,276 sqft
- Lot size
- 5,049 sqft
- Year built
- 1925
- Stories
- 1
- Garage spaces
- 1
- Heating
- Electric
- Cooling
- Electric
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 8
- MLS #
- 246971533
About this property
Excellent value-add investment opportunity in the city of Cypress Park. This tenant occupied Triplex offers an investor the opportunity to acquire an income-producing property with significant upside through future improvements and repositioning. The property offers three one bedroom residential units and a rear area that may offer potential for an ADU, creating an opportunity to increase the property's income and overall value. Conveniently located near local businesses, shopping, restaurants and transportation. Don't miss out on this amazing opportunity!
Location
634 Romulo Street
Los Angeles, Los Angeles, CA, 90065