Deal numbers
- Est. cap rate
- 5.4%
- Assumed rent, all units
- $4,920/mo
- Units
- 2
- Price per unit
- $274,500
- Est. annual NOI
- $29,520
- 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
- $56,088
- Operating expenses
- $28,044
- Net operating income
- $28,044
- Annual debt service
- $32,873
- Annual cash flow
- -$4,829
- Cash on cash return
- -3.5%
- Down payment
- $137,250
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
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Building size
- 1,742 sqft
- Lot size
- 7,148 sqft
- Year built
- 1922
- Stories
- 1
- Garage spaces
- 2
- Heating
- See Remarks
- Cooling
- See Remarks
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 9
- MLS #
- 247875462
About this property
Excellent Investment Opportunity located in the heart of Santa Ana. 515 and 517 W. McFadden Ave. would be perfect for someone looking to add to their real estate portfolio. 517 W. McFadden Ave. (Front House) is a 2 Bedroom, 2 Bath home with 1,190 Sq. Ft. of living space. 515 W. McFadden Ave (Back House, facing the alley) is a 1 Bedroom, 1 Bathroom home with 552 sq. ft. of living space. Each unit has its own attached single car garage. DO NOT DISTURB THE OCCUPANT.
Location
515 W Mcfadden Avenue
Santa Ana, Orange, CA, 92707