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Property details
Beds3
Baths2
Square feet1,125
Year built1952
Property typeSingle Family
CountyWalker County
Proforma Turnkey End Buyer
Cash on Cash9.02%
Cap Rate7.68%
IRR22.79%
DSCR1.46x
ARV$230,000
Equity$3,700
Purchase & Financing
| Purchase price | $226,300 |
| Closing costs | $2,263 |
| Down payment (25%) | $56,575 |
| Loan amount | $169,725 |
| Loan points | $3,395 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $62,233 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,725 | $20,700 |
| Vacancy | ($35) | ($414) |
| Property taxes | ($57) | ($680) |
| Insurance | ($98) | ($1,175) |
| Maintenance | ($51) | ($609) |
| Net operating income | $1,485 | $17,822 |
| Mortgage (P&I) | ($1,018) | ($12,211) |
| Net cash flow | $468 | $5,611 |
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
Great looking home! More photos coming shortly…
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $100 a month fee!
Two for One Special! We will be building next to it and can sell it to whoever buys this one at a great off market price!