Property details
Proforma Turnkey End Buyer
Purchase & Financing
| Purchase price | $187,420 |
| Closing costs | $1,874 |
| Down payment (25%) | $46,855 |
| Loan amount | $140,565 |
| Loan points | $2,811 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $51,541 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,150 | $25,800 |
| Vacancy | ($18) | ($216) |
| Property taxes | ($292) | ($3,500) |
| Insurance | ($117) | ($1,400) |
| Maintenance | ($64) | ($768) |
| Net operating income | $1,660 | $19,916 |
| Mortgage (P&I) | ($888) | ($10,662) |
| Net cash flow | $771 | $9,255 |
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 neighborhood, school teacher next door, park like setting, walk 50 yards across the street to the best park in town to the right or the high school and middle school to the left. Renovated duplex 4/2.5 on main floor and 2/1 upstairs.
Newer roof, new electrical panels, meters, mostly new wiring, new plumbing including stack. New flooring, paint, lighting, new kitchen upstairs, two totally redone bathrooms, main floor kitchen new countertops, freshly painted cabinets, new knobs and pulls, new stainless appliances (not pictured). Oversized two car garage and each unit has private use of half basement with laundry hookups.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
We have secured tenants for each unit, moving in soon!