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Property details
Beds6
Baths3
Square feet2,201
Year built1955
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash12.82%
Cap Rate8.78%
IRR28.35%
DSCR1.60x
ARV$336,000
Equity$51,000
Purchase & Financing
| Purchase price | $285,000 |
| Closing costs | $5,700 |
| Down payment (25%) | $71,250 |
| Loan amount | $213,750 |
| Loan points | $4,275 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $75,525 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,475 | $29,700 |
| Vacancy | ($50) | ($594) |
| Property taxes | ($120) | ($1,435) |
| Insurance | ($75) | ($900) |
| Maintenance | ($73) | ($873) |
| Net operating income | $2,158 | $25,898 |
| Mortgage (P&I) | ($1,351) | ($16,213) |
| Net cash flow | $807 | $9,685 |
View full proforma & projections
Projections are based on current rent, taxes, insurance and financing assumptions and are estimates only. Verify all figures independently before investing.
About this property
The renovation just finished on this one and it turned out very nice! This is retail quality and almost this was a new build from the foundation on up! Everything is new! This is in a suburb/retail area.
Currently advertising for a tenant.
Recent appraisal was for $336,000. Pro photos coming soon…
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $109 monthly fee.
*90 day warranty on all repairs, 1 year warranty on all major repair items!