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Property details
Beds5
Baths3
Square feet3,522
Year built1962
Property typeSingle Family
CountyHamilton County
Proforma Turnkey End Buyer
Cash on Cash11.98%
Cap Rate8.74%
IRR25.44%
DSCR1.61x
ARV$400,000
Equity$20,000
Purchase & Financing
| Purchase price | $378,000 |
| Closing costs | $7,600 |
| Down payment (25.1%) | $95,000 |
| Loan amount | $285,000 |
| Loan points | $5,700 |
| Interest rate | 6.40% |
| Loan term | 30 years |
| Total out of pocket | $108,300 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $3,250 | $39,000 |
| Vacancy | ($65) | ($780) |
| Property taxes | ($101) | ($1,209) |
| Insurance | ($125) | ($1,500) |
| Maintenance | ($96) | ($1,147) |
| Net operating income | $2,864 | $34,364 |
| Mortgage (P&I) | ($1,783) | ($21,392) |
| Net cash flow | $1,081 | $12,972 |
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
COMING SOON! Will be completed in 60 days or less with a full set up photos. Will be fully renovated and rented shortly! HUGE PROPERTY!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $100 a month. We have already secured a tenant at $3,200 and they are set to move in the day the rehab is completed. 2 YEAR LEASE!