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Property details
Beds11
Baths11
Square feet8,250
Year built1915
Property typeCustom Unit Amount
Units11
CountyScott County
Proforma Turnkey End Buyer
Cash on Cash12.54%
Cap Rate8.92%
IRR25.64%
DSCR1.61x
Equity$-775,000
Purchase & Financing
| Purchase price | $775,000 |
| Closing costs | $7,750 |
| Down payment (25%) | $193,750 |
| Loan amount | $581,250 |
| Loan points | $11,625 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $213,125 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $8,465 | $101,580 |
| Vacancy | ($35) | ($420) |
| Property taxes | ($674) | ($8,088) |
| Insurance | ($458) | ($5,500) |
| Maintenance | ($422) | ($5,058) |
| Property management | ($674) | ($8,093) |
| Utilities | ($25) | ($300) |
| Net operating income | $5,902 | $70,821 |
| Mortgage (P&I) | ($3,674) | ($44,087) |
| Net cash flow | $2,228 | $26,734 |
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
11PLEX fully rented and cash flowing! Each unit is rented below market rent about $100 per unit, so there is room to increase rents. Tenants are on month to month leases as the owner self manages.
We don’t have very many photos, but every unit is identical. It is in good condition, but not everything is new.