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Property details
Beds8
Baths8
Square feet2,949
Year built1971
Property typeSingle Family
CountyDeKalb County
Proforma Turnkey End Buyer
Cash on Cash16.93%
Cap Rate10.09%
IRR30.81%
DSCR1.82x
Equity$-476,000
Purchase & Financing
| Purchase price | $476,000 |
| Closing costs | $4,760 |
| Down payment (25%) | $119,000 |
| Loan amount | $357,000 |
| Loan points | $7,140 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $130,900 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $8,850 | $106,200 |
| Vacancy | ($1,062) | ($12,744) |
| Property taxes | ($633) | ($7,600) |
| Insurance | ($238) | ($2,850) |
| Maintenance | ($467) | ($5,607) |
| Property management | ($1,246) | ($14,953) |
| Utilities | ($92) | ($1,100) |
| Net operating income | $4,104 | $49,246 |
| Mortgage (P&I) | ($2,256) | ($27,078) |
| Net cash flow | $1,847 | $22,168 |
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
PADSPLIT CO-LIVING OPPORTUNITY! This will have 8 en suites in total. 5 on the main level ,and 3 in the basement (which is quite large). This one is going to need a good bit of work but its going to be a superb padsplit.
These go under contract VERY QUICKLY so get it now before someone else does, and then we wait for the renovation to be completed before we move forward on the purchase.