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Property details
Beds16
Baths8
Square feet4,484
Year built1912
Property typeCustom Unit Amount
Units8
CountySt. Joseph County
Proforma Turnkey End Buyer
Cash on Cash6.40%
Cap Rate7.27%
IRR20.43%
DSCR1.31x
Equity$-1,100,000
Purchase & Financing
| Purchase price | $1,100,000 |
| Closing costs | $11,000 |
| Down payment (25%) | $275,000 |
| Loan amount | $825,000 |
| Loan points | $16,500 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $302,500 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $9,099 | $109,188 |
| Vacancy | ($24) | ($287) |
| Property taxes | ($417) | ($4,999) |
| Insurance | ($333) | ($4,000) |
| Maintenance | ($272) | ($3,267) |
| Property management | ($726) | ($8,712) |
| Utilities | ($42) | ($500) |
| Net operating income | $6,827 | $81,923 |
| Mortgage (P&I) | ($5,215) | ($62,575) |
| Net cash flow | $1,612 | $19,348 |
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
FULLY RENOVATED TOP TO BOTTOM 8PLEX! Over $900k in the renovations! Everything new top to bottom.
Apt 1 – 11/1/24 – 11/30/25 – $1,195
Apt. 2 – 12/19/25 – 4/30/27 – $1,195
Apt. 3 – 10/2/24 – 10/31/25 – $1,295
Apt. 4 – 11/20/24 – 6/30/25 – $1,195
Apt. 5 – 1/14/26 – 5/31/27 – $995
Apt. 6 – 5/30/25 – 4/30/26 – $1,195
Apt. 7 – 9/27/24 – 10/31/26 – $1,034.80
Apt. 8 – 10/1/25 – 9/30/26 – $995