Deal numbers
- Est. cap rate
- 1.0%
- Assumed rent, all units
- $7,160/mo
- Units
- 2
- Price per unit
- $2,097,500
- Est. annual NOI
- $42,960
- 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
- $81,624
- Operating expenses
- $40,812
- Net operating income
- $40,812
- Annual debt service
- $251,185
- Annual cash flow
- -$210,373
- Cash on cash return
- -20.1%
- Down payment
- $1,048,750
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
- 5
- Bathrooms
- 4
- Building size
- 2,320 sqft
- Lot size
- 2,614 sqft
- Year built
- 1965
- Stories
- 2
- Garage spaces
- 2
- Heating
- Forced Air
- Cooling
- None
- Pool
- None
- View
- Ocean,Catalina
- Status
- Active
- Days on market
- 16
- MLS #
- 247601740
About this property
TWO ACTIVE SHORT-TERM RENTAL PERMITS - Welcome to 126 45th Street, a turnkey, strong cash-flowing vacation rental that sleeps 12, fully furnished, iconic 100-block duplex. Upstairs: 3 bedrooms, 2 baths with an open flow, spacious living area and balcony with beach & ocean views. Oversized primary suite also has its own built-in desk, and ensuite. Two additional bedrooms and a central bathroom. Downstairs: 2 bedrooms; one with ensuite, a second bathroom with Jacuzzi tub, spacious living area and easy flow to the oversized front patio with beach views. The property has a newer roof, new garage doors with quiet motors, vinyl fencing and gates, tankless water heater, high-efficiency forced-air units, quartz countertop kitchens and bathrooms, plus brand-new refrigerators. Brand new Polywood outdoor furniture in the lower unit and so much more. This beach property is A+ location, close proximity to everything, has been meticulously maintained, strong current and future bookings with many repeat clients, turnkey and income-producing from day one. Welcome to 126 45th Street, location, income and ease.
Location
126 45th Street
Newport Beach, Orange, CA, 92663