Deal numbers
- Est. cap rate
- 5.7%
- Assumed rent, all units
- $4,420/mo
- Units
- 2
- Price per unit
- $231,265
- Est. annual NOI
- $26,520
- 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
- $50,388
- Operating expenses
- $25,194
- Net operating income
- $25,194
- Annual debt service
- $27,695
- Annual cash flow
- -$2,501
- Cash on cash return
- -2.2%
- Down payment
- $115,633
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
- Bathrooms
- 2
- Building size
- 800 sqft
- Lot size
- 3,920 sqft
- Year built
- 1947
- Stories
- 1
- Garage spaces
- 0
- Style
- Traditional
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 158
- MLS #
- 248151463
About this property
New Vinyl fencing is installed!! Affordable Duplex near Lake Elsinore. Each unit has its own yard. Great opportunity to own a clean and kept duplex in the City of Lake Elsinore Dream Extreme. Each unit is a one-bedroom, one-bath layout and enjoys its own private yard, plus plenty of parking. The units are smaller, though clean, functional, and maintained, offering strong rental appeal. Located within walking distance to Lake Elsinore and Perret Park, which backs right up to one part of Lake Elsinore's shoreline. Enjoy boating, water skiing, wing foiling, fishing, and lakeside recreation. The nearby airport offers glider rides and skydiving, and the area is home to the California Motorcycle Road Race Association. Outdoor enthusiasts will love the excellent hiking trails and the Elsinore Launch located on the Ortega Highway, where hang gliding is enjoyed. A great opportunity for investors or owner-occupants looking for an affordable property to live in one and rent the other in a growing, adventure-driven community. This property is zoned for commercial, giving this property so many possibilities for someone who has a business. Contact the city of Elsinore to explore all the uses that this unique property could potentially be used for.
Location
17797 Grand A & B
Lake Elsinore, Riverside, CA, 92530