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Property details
Beds4
Baths2
Square feet1,848
Year built1950
Property typeSingle Family
CountyTuscaloosa County
Proforma Turnkey End Buyer
Cash on Cash16.73%
Cap Rate9.43%
IRR30.25%
DSCR1.79x
ARV$190,000
Equity$2,000
Purchase & Financing
| Purchase price | $188,000 |
| Closing costs | $1,880 |
| Down payment (25%) | $47,000 |
| Loan amount | $141,000 |
| Loan points | $2,820 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $47,940 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,715 | $20,580 |
| Vacancy | ($34) | ($412) |
| Property taxes | ($50) | ($598) |
| Insurance | ($67) | ($800) |
| Maintenance | ($50) | ($605) |
| Net operating income | $1,514 | $18,165 |
| Mortgage (P&I) | ($845) | ($10,144) |
| Net cash flow | $668 | $8,021 |
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! 24 month lease!
Lease Term – 5/1/25 – 4/30/27
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.