← All properties
Property details
Beds4
Baths2
Square feet1,604
Year built1954
Property typeSingle Family
CountyMuscogee County
Proforma Turnkey End Buyer
Cash on Cash10.89%
Cap Rate7.98%
IRR24.91%
DSCR1.52x
ARV$238,000
Purchase & Financing
| Purchase price | $238,000 |
| Closing costs | $2,380 |
| Down payment (25%) | $59,500 |
| Loan amount | $178,500 |
| Loan points | $3,570 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $60,750 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,875 | $22,500 |
| Vacancy | ($38) | ($450) |
| Property taxes | ($65) | ($780) |
| Insurance | ($96) | ($1,150) |
| Maintenance | ($55) | ($662) |
| Net operating income | $1,622 | $19,459 |
| Mortgage (P&I) | ($1,070) | ($12,842) |
| Net cash flow | $551 | $6,616 |
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
Rehabbed and being advertised for a tenant!
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
2 YEARS FREE PROPERTY MANAGEMENT! After that it is 8%.
RENT GUARANTEE. If the property is not rented yet, the seller will cover the rent minus $100 until it is rented. If it rents below the proforma amount, the seller will cover the difference with the first 12 months.