Property details
Proforma Turnkey End Buyer
Purchase & Financing
| Purchase price | $275,000 |
| Closing costs | $5,500 |
| Down payment (25%) | $68,750 |
| Loan amount | $206,250 |
| Loan points | $4,125 |
| Interest rate | 6.70% |
| Loan term | 30 years |
| Total out of pocket | $78,375 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $3,503 | $42,036 |
| Vacancy | ($34) | ($408) |
| Property taxes | ($175) | ($2,100) |
| Insurance | ($167) | ($2,000) |
| Maintenance | ($104) | ($1,249) |
| Net operating income | $3,023 | $36,279 |
| Mortgage (P&I) | ($1,331) | ($15,971) |
| Net cash flow | $1,692 | $20,309 |
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
DUPLEX WITH BRAND NEW CONSTRUCTION HOMES IN EACH SIDE!
BOTH UNITS CURRENTLY RENTED VIA SECTION 8!
This is not a recently renovated typical turnkey property as things are older, but it comes with a 3rd party home warranty for 12 months.
Front unit is a 2 bedroom 1 bathroom unit.
Rear unit is 3 bedrooms 1 bathroom unit.
One tenant has been there roughly 3 years, and the other roughly 8 years.
One unit was renovated 3 years ago. The roof, windows, electrical, and the plumbing was upgraded 2 years ago by licensed contractors and the city came and inspected the work. The roof, plumbing, and electrical were done with permits.
There is a basement that could later be turned into an apartment because it has a front and back door.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.