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Excellent Highland Park Duplex Income Property – $375,000

Highland Park, Los Angeles, CA, USA
Triangle 1 Created with Sketch. Great Deal Alert Triangle 1 Created with Sketch. $375,000 - Duplex
5 Bedrooms 3 Bathrooms

$425K out of pocket for purchase and rehab. Once fixed up and rented you can get conventional loan at 25% down. Including your down pmt, closing costs and rehab costs you will be at $155K approximately out of pocket. Factoring in all monthly expenses including mortgage payment, you should net $1300/mo or $15,600 per year. This would give you 10% + cash on cash return in a very upside location.

Here’s a property that would both a) pencil out nicely and b) have excellent upside, but it has to be an all cash purchase.

The specifics are:

a) There is a 3 bed 2 bath and a 2 bed 1 bath. Based on location ( which is walking distance to the newly ‘hipped out’ York Blvd/Ave 50 area) you could anticipate as much as $3500/mo in rents.

b) It needs work but assuming the fix-up doesn’t come in any more than around $50K the numbers are:

$425K out of pocket for purchase and rehab. Once fixed up and rented you can get conventional loan at 25% down. Including your down pmt, closing costs and rehab costs you will be at $155K approximately out of pocket. Factoring in all monthly expenses including mortgage payment, you should net $1300/mo or $15,600 per year. This would give you 10% + cash on cash return in a very upside location.

If interested contact me and I will help you out.

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