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Property details
Beds4
Baths2
Square feet1,325
Year built1914
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash16.55%
Cap Rate9.73%
IRR30.87%
DSCR1.77x
ARV$210,000
Equity$21,000
Purchase & Financing
| Purchase price | $189,000 |
| Closing costs | $3,780 |
| Down payment (25%) | $47,250 |
| Loan amount | $141,750 |
| Loan points | $2,835 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $50,085 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,900 | $22,800 |
| Vacancy | ($38) | ($456) |
| Property taxes | ($150) | ($1,799) |
| Insurance | ($70) | ($836) |
| Maintenance | ($56) | ($670) |
| Net operating income | $1,587 | $19,039 |
| Mortgage (P&I) | ($896) | ($10,751) |
| Net cash flow | $691 | $8,287 |
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
Rehabbed and rented! Appraisal from last year came in at $210,000.
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that, a flat $109 prop mgmt fee per month.
Lease Term – 4/1/26-4/1/27.