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Property details
Beds4
Baths2
Square feet2,266
Year built1880
Property typeMulti Family - 2 Units
CountyScott County
Proforma Turnkey End Buyer
Cash on Cash17.60%
Cap Rate10.10%
IRR31.55%
DSCR1.88x
ARV$185,000
Equity$19,612
Purchase & Financing
| Purchase price | $165,388 |
| Closing costs | $1,654 |
| Down payment (25%) | $41,347 |
| Loan amount | $124,041 |
| Loan points | $2,481 |
| Interest rate | 6.20% |
| Loan term | 30 years |
| Total out of pocket | $45,482 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,750 | $21,000 |
| Vacancy | ($18) | ($216) |
| Property taxes | ($137) | ($1,638) |
| Insurance | ($117) | ($1,400) |
| Maintenance | ($52) | ($624) |
| Net operating income | $1,427 | $17,122 |
| Mortgage (P&I) | ($760) | ($9,117) |
| Net cash flow | $667 | $8,006 |
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 in very good condition! Not recently renovated, but overall in good condition. New roof in 2013, new deck in 2018, new basement windows and frames, some new vinyl windows, exterior painted within the last 5 years, new steel doors.
Owner occupant will move out at closing, and then we can get the units rented quickly.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS!