Deal numbers
- Est. cap rate
- 2.8%
- Assumed rent, all units
- $3,660/mo
- Units
- 2
- Price per unit
- $394,500
- Est. annual NOI
- $21,960
- 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
- $41,724
- Operating expenses
- $20,862
- Net operating income
- $20,862
- Annual debt service
- $47,243
- Annual cash flow
- -$26,381
- Cash on cash return
- -13.4%
- Down payment
- $197,250
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
- 2
- Building size
- 1,944 sqft
- Lot size
- 5,382 sqft
- Year built
- 1922
- Stories
- 1
- Garage spaces
- 2
- Style
- Spanish
- Cooling
- Electric
- Pool
- None
- View
- None
- Status
- ComingSoon
- Days on market
- 0
- MLS #
- 249102849
About this property
SELLER MOTIVATED! EXCELLENT INVESTMENT OPPORTUNITY WITH ADDITIONAL INCOME POTENTIAL! FRONT UNIT WILL BE DELIVERED VACANT AT CLOSE OF ESCROW! Discover the possibilities! This property offers a great opportunity for investors, owner-occupants, or buyers looking to maximize its potential. FRONT UNIT TO BE DELIVERED VACANT AT CLOSE OF ESCROW! An excellent opportunity for buyers looking to occupy one unit while exploring rental income opportunities from the other. ADDITIONAL DEVELOPMENT POTENTIAL! The property may offer space for an Accessory Dwelling Unit (ADU), presenting an opportunity to explore additional rental income. Buyer to independently verify zoning, permits, feasibility, and all applicable city requirements. PLEASE DO NOT DISTURB TENANTS OR ENTER THE PROPERTY WITHOUT AN APPOINTMENT. Showings are available or key. Contact the listing agent for additional information and showing instructions. All information is deemed reliable but is not guaranteed. Buyers and their agents are advised to independently verify all information to their satisfaction. MOTIVATED SELLER — BRING YOUR OFFERS!
Location
1137 W 61st
Los Angeles, Los Angeles, CA, 90044