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Property details
Beds5
Baths2
Square feet1,675
Year built1920
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash14.73%
Cap Rate9.27%
IRR30.30%
DSCR1.69x
ARV$285,000
Equity$50,000
Purchase & Financing
| Purchase price | $235,000 |
| Closing costs | $4,700 |
| Down payment (25%) | $58,750 |
| Loan amount | $176,250 |
| Loan points | $3,525 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $62,275 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,100 | $25,200 |
| Vacancy | ($42) | ($504) |
| Property taxes | ($35) | ($422) |
| Insurance | ($83) | ($992) |
| Maintenance | ($62) | ($741) |
| Net operating income | $1,878 | $22,541 |
| Mortgage (P&I) | ($1,114) | ($13,368) |
| Net cash flow | $764 | $9,173 |
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 property is rehabbed and advertising for rent! Final photos coming soon as the renovation is just wrapping up. We just had this appraised and it came in at $309,000. We believe this is a little high and the value is more around $285,000. Good area.
*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!