Property details
Proforma Turnkey End Buyer
Purchase & Financing
| Purchase price | $325,000 |
| Closing costs | $3,250 |
| Down payment (38%) | $123,500 |
| Loan amount | $201,500 |
| Loan points | $4,030 |
| Loan term | 6 years |
| Total out of pocket | $130,780 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $4,295 | $51,540 |
| Vacancy | ($215) | ($2,577) |
| Property taxes | ($150) | ($1,800) |
| Insurance | ($167) | ($2,000) |
| Maintenance | ($204) | ($2,448) |
| Property management | ($326) | ($3,917) |
| Net operating income | $3,233 | $38,798 |
| Mortgage (P&I) | ($1,274) | ($15,283) |
| Net cash flow | $1,960 | $23,514 |
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
Fantastic 4plex 20 minutes to the heart of downtown St. Louis in a small town of 28,000 and located on a B to B- Street and probably a C+ area generally. This property is totally renovated inside and out, new plumbing, electrical, framing, sheetrock, bathrooms with subway tiled showers and new vanities and toilets, new LVP throughout, 3 new window heating and cooling units in each unit as well as baseboard heaters, all new kitchens with white shaker cabinets, new countertops, new stainless appliances, new water lines and service, new sewer laterals, and the list goes on and on!
This property was over rehabbed and will not appraise for the selling price. So you would need to come to the table with more cash than usual.