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Property details
Beds3
Baths2
Square feet1,250
Year built1950
Property typeSingle Family
CountyJefferson County
Proforma Turnkey End Buyer
Cash on Cash16.09%
Cap Rate9.27%
IRR29.53%
DSCR1.76x
ARV$160,000
Purchase & Financing
| Purchase price | $160,000 |
| Closing costs | $1,600 |
| Down payment (25%) | $40,000 |
| Loan amount | $120,000 |
| Loan points | $2,400 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $40,800 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,475 | $17,700 |
| Vacancy | ($30) | ($354) |
| Property taxes | ($57) | ($680) |
| Insurance | ($79) | ($949) |
| Maintenance | ($43) | ($520) |
| Net operating income | $1,266 | $15,197 |
| Mortgage (P&I) | ($719) | ($8,634) |
| Net cash flow | $547 | $6,563 |
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
Nice rehab, and already rented and cash flowing!
Lease Term – 1/19/25 – 1/18/26.
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.