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Property details
Beds5
Baths2
Square feet2,420
Year built1930
Property typeMulti Family - 2 Units
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash18.03%
Cap Rate9.86%
IRR31.57%
DSCR1.83x
ARV$300,000
Equity$5,000
Purchase & Financing
| Purchase price | $295,000 |
| Closing costs | $2,950 |
| Down payment (25%) | $73,750 |
| Loan amount | $221,250 |
| Loan points | $4,425 |
| Interest rate | 6.20% |
| Loan term | 30 years |
| Total out of pocket | $75,125 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,750 | $33,000 |
| Vacancy | ($55) | ($660) |
| Property taxes | ($56) | ($675) |
| Insurance | ($74) | ($890) |
| Maintenance | ($81) | ($970) |
| Net operating income | $2,484 | $29,805 |
| Mortgage (P&I) | ($1,355) | ($16,261) |
| Net cash flow | $1,129 | $13,544 |
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
DUPLEX that is rehabbed and rented!
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! LIMITED TIME OFFER! After that it is a flat $109 mgmt fee.
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Lease term:
Unit 3321: 04/01/2026 — 04/01/2027
Unit 3323: 06/01/2026 — 06/01/2027