Deal numbers
- Est. cap rate
- 3.0%
- Assumed rent, all units
- $3,660/mo
- Units
- 2
- Price per unit
- $365,000
- Est. annual NOI
- $21,960
- 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
- $41,724
- Operating expenses
- $20,862
- Net operating income
- $20,862
- Annual debt service
- $43,710
- Annual cash flow
- -$22,848
- Cash on cash return
- -12.5%
- Down payment
- $182,500
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
- 1,752 sqft
- Lot size
- 6,085 sqft
- Year built
- 1919
- Stories
- 1
- Garage spaces
- 1
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 247556403
About this property
Great opportunity for homeowners, investors, or buyers looking to create a home that fits their vision. This property features 2 units front home has 3 bedrooms 2 baths and rear unit is 2 bedrooms 1 bath. Conveniently located near major freeways, shopping, dining, schools, and everyday amenities, this home provides easy access to surrounding Los Angeles communities. With its desirable location and versatile potential, 1024 W 88th St is ready for its next chapter. Don’t miss the opportunity to make this property your own.
Location
1024 W 88th
Los Angeles, Los Angeles, CA, 90044