Deal numbers
- Est. cap rate
- 5.8%
- Assumed rent, all units
- $8,700/mo
- Units
- 3
- Price per unit
- $300,000
- Est. annual NOI
- $52,200
- 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
- $99,180
- Operating expenses
- $49,590
- Net operating income
- $49,590
- Annual debt service
- $53,890
- Annual cash flow
- -$4,300
- Cash on cash return
- -1.9%
- Down payment
- $225,000
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
- 6
- Bathrooms
- 3
- Building size
- 2,625 sqft
- Lot size
- 6,098 sqft
- Year built
- 1958
- Stories
- 2
- Garage spaces
- 3
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 248323850
About this property
Excellent investment opportunity in a desirable Santa Ana location near South Coast Plaza. This three-unit property offers significant value-add potential for buyers looking to renovate and reposition an existing multifamily investment. The property is in need of substantial updating and renovations, providing an opportunity to make improvements and enhance its long-term potential. Conveniently located near shopping, dining, entertainment, and major freeways.
Location
2609 S Rosewood
Santa Ana, Orange, CA, 92707