Est. cap rate

4.4%

Assumed rent, all units

$7,080/mo

Units

2

Price per unit

$487,500

Est. annual NOI

$42,480

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.

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

6

Bathrooms

6

Building size

2,926 sqft

Lot size

7,841 sqft

Year built

2010

Stories

2

Garage spaces

0

Heating

Central

Cooling

Central Air

Pool

None

View

Lake

Status

Active

Days on market

6

MLS #

248665206

About this property

Live in the front unit, #A - 3 bedrooms and 2-1/2 baths with panoramic lake views. Rent out the back unit, #B - currently leased at $2,895 monthly. This property is near the lake and features 2, almost identical, upgraded homes. Each homes includes 3 bedrooms and 2 1/2 bath plus a 2-car carport. The units are nearly identical. Nicely updated inside and out, each townhouse features fresh paint, newer flooring & updated fixtures throughout. The entry's open to a spacious living-room that flows seamlessly into a light & bright great-room with comfortable living space. Enjoy the inviting eat-in kitchen spaces & the generously sized kitchens offering ample cabinetry. The laundry areas are conveniently located at the base of each staircase. Upstairs are 3 well-appointed bedrooms, including 2 with walk-in closets & primary suites that features a private balcony with views of Lake Elsinore. Each home includes 2 covered, parking spaces. Located near the Historical Downtown, Schools and the Lake ...!

Location

905 W Sumner #A & B

Lake Elsinore, Riverside, CA, 92530