First Look Duplex Income Property in Silver Lake
Here is your “EARLY BIRD SPECIAL” on an income property that hasn’t gone to market yet! This CASH FLOW POSITIVE income property is in one of the trendiest neighborhoods in Los Angeles and is bound to be an appreciating asset for years to come.
GRM: 13 CAP RATE: 6% Monthly Cash Flow: $1,750+ YEARLY CASH FLOW $21,000+
This is a completely renovated Duplex in Silver Lake. Both units are VACANT and both feature 3 Bedrooms / 3 Bathrooms / 2 Car Garages on multiple levels.
Want to Know More? Simply check out my video walk through of the property below as well as my income estimate analysis and appreciation estimate break-down. I can get you in to see them before this property hits the market next week.
Best part, I put the attached numbers break down on the conservative side! For example, I put the total income at $8,000 a month or ($4,00 per unit). Based on recent comps in Silver Lake, I believe we could get even more money per unit.
Further, the appreciation reflected year over year in this statement I put at 10% for this area. In this part of Los Angeles over the past five years, these numbers have been averaging closer 15%-20%.