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22600 Normandie Ave #32
Single Family Cash-flow positiveWithin your budget

22600 Normandie Ave #32

22600 Normandie Ave #32, Torrance, CA

1 beds 1 baths 808 sqft

A must see Manufacture home located in the desirable city of Torrance, only 7 Miles away from the beach. Golden State Mobile Lodge Park offers you this we’ll maintain 1 Large Bedroom and 1 Bath Manufacture Home, Spacious kitchen and living room area, pantry, dinning area, and washer and dryer Hook up inside. With plenty storage space, that can be used as an office or storage. Covered 2 carport parking and a beautifully welcome entrance. Not to mention the Amenities that the community offers, such as a Clubhouse, Swimming Pool,Pool table, Laundry room and many more.

List price

$125,000

Est. monthly rent

$2,000

DSCR2.22×

Lender minimum: 1.25×

Monthly cash flow

$802

Cash-on-cash return

25.67%

Down payment (25%)$31,250
Closing costs (5%)$6,250
Total cash needed$37,500
Loan amount (75%)$93,750
Monthly mortgage (7.50%, 30yr)$656
Annual property taxes$1,563
Insurance, vacancy, mgmt.$4,945
Net operating income (yr)$17,492
Gross yield19.20%

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