Property details
Proforma Turnkey End Buyer
Purchase & Financing
| Purchase price | $302,000 |
| Closing costs | $6,040 |
| Down payment (25%) | $75,500 |
| Loan amount | $226,500 |
| Loan points | $4,530 |
| Interest rate | 6.75% |
| Loan term | 30 years |
| Total out of pocket | $86,070 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $5,789 | $69,468 |
| Vacancy | ($521) | ($6,252) |
| Property taxes | ($386) | ($4,634) |
| Insurance | ($152) | ($1,825) |
| Maintenance | ($211) | ($2,529) |
| Property management | ($1,001) | ($12,011) |
| Utilities | ($67) | ($800) |
| Net operating income | $2,510 | $30,117 |
| Mortgage (P&I) | ($1,469) | ($17,629) |
| Net cash flow | $1,041 | $12,488 |
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
This is a Co-Living Padsplit opportunity. The renovation is just finishing up, and photos being done next week. Professionally managed.
$800k homes a few blocks away!
THESE GO UNDER CONTRACT QUICK SO ACT NOW!
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Living in a PadSplit is different from traditional rentals. Members only pay one bill each week, and it covers a private furnished room, all utilities, and free credit reporting. To be approved, you don’t need a minimum credit score, and you won’t have to pay a big security deposit.