Deal numbers
- Est. cap rate
- 2.9%
- Assumed rent, all units
- $6,900/mo
- Units
- 3
- Price per unit
- $475,000
- Est. annual NOI
- $41,400
- 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
- $78,660
- Operating expenses
- $39,330
- Net operating income
- $39,330
- Annual debt service
- $85,325
- Annual cash flow
- -$45,995
- Cash on cash return
- -12.9%
- Down payment
- $356,250
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
- Triplex
- Bedrooms
- 3
- Building size
- 2,628 sqft
- Lot size
- 7,405 sqft
- Year built
- 1961
- Stories
- 1
- Garage spaces
- 3
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 12
- MLS #
- 247142209
About this property
Very Clean TriPlex in Orange. Pride of Ownership. Three 2 Bedroom 1 Bath units, each have their own private patios and single garages. Excellent long term tenants. Newer Roof.. Newer Paint. Newer Front Doors and Security Screen Doors. Newer Windows. New Water Heater. 2 of the kitchens have been remodeled and all three bathrooms have been remodeled. The building has it's own laundry room that is separately metered but is currently used as a storage room. You could easily add a washer and dryer for more income. This is an excellent opportunity to own a well-maintained Triplex in Orange. Please do not disturb the tenants.
Location
242 S Park
Orange, Orange, CA, 92866