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Property details
Beds5
Baths3
Square feet1,941
Year built1925
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash11.37%
Cap Rate8.41%
IRR26.60%
DSCR1.53x
ARV$320,000
Equity$37,000
Purchase & Financing
| Purchase price | $283,000 |
| Closing costs | $5,660 |
| Down payment (25%) | $70,750 |
| Loan amount | $212,250 |
| Loan points | $4,245 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $74,995 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,300 | $27,600 |
| Vacancy | ($46) | ($552) |
| Property taxes | ($58) | ($696) |
| Insurance | ($76) | ($915) |
| Maintenance | ($68) | ($811) |
| Net operating income | $2,052 | $24,626 |
| Mortgage (P&I) | ($1,342) | ($16,099) |
| Net cash flow | $711 | $8,527 |
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 currently advertising for a tenant!
Best Location! 0.3 miles from Rockhurst University, 0.9 miles from University of Missouri!
INSTANT EQUITY! Recent appraisal came in at $320,000!
**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!