Deal numbers
- Est. cap rate
- 5.5%
- Assumed rent, all units
- $5,490/mo
- Units
- 3
- Price per unit
- $200,000
- Est. annual NOI
- $32,940
- 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
- $62,586
- Operating expenses
- $31,293
- Net operating income
- $31,293
- Annual debt service
- $35,926
- Annual cash flow
- -$4,633
- Cash on cash return
- -3.1%
- Down payment
- $150,000
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
- 3
- Building size
- 1,500 sqft
- Lot size
- 5,254 sqft
- Year built
- 1929
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 0
- MLS #
- 249337474
About this property
Check out the property next door, and see what they did with that lot. Look at the size of our lot and think of the possibilities. Owned by the same family for many years because of health reasons, they have to let this one go. Two of the tenants have been there for over 20 years on a month-to-month basis. One unit is still vacant. You can buy this one as owner-occupied, or you can invest in it and rent all 3. The owner invested over 21,000 last year redoing the plumbing.
Location
6812 S Hoover
Los Angeles, Los Angeles, CA, 90044