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Property details
Beds3
Baths2
Square feet1,539
Year built1913
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash18.79%
Cap Rate10.02%
IRR32.90%
DSCR1.92x
ARV$205,000
Equity$20,500
Purchase & Financing
| Purchase price | $184,500 |
| Closing costs | $3,690 |
| Down payment (25%) | $46,125 |
| Loan amount | $138,375 |
| Loan points | $2,768 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $48,893 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,800 | $21,600 |
| Vacancy | ($36) | ($432) |
| Property taxes | ($51) | ($611) |
| Insurance | ($65) | ($780) |
| Maintenance | ($53) | ($635) |
| Net operating income | $1,595 | $19,142 |
| Mortgage (P&I) | ($830) | ($9,956) |
| Net cash flow | $766 | $9,186 |
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 rented!
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! LIMITED TIME OFFER!
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Lease term: 05/01/2026 — 05/01/2027