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Property details
Beds4
Baths2
Square feet1,575
Year built1905
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash17.75%
Cap Rate10.04%
IRR30.80%
DSCR1.83x
ARV$202,000
Purchase & Financing
| Purchase price | $202,000 |
| Closing costs | $4,040 |
| Down payment (25%) | $50,500 |
| Loan amount | $151,500 |
| Loan points | $3,030 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $53,530 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,975 | $23,700 |
| Vacancy | ($40) | ($474) |
| Property taxes | ($28) | ($337) |
| Insurance | ($100) | ($1,200) |
| Maintenance | ($58) | ($697) |
| Net operating income | $1,749 | $20,992 |
| Mortgage (P&I) | ($958) | ($11,491) |
| Net cash flow | $792 | $9,501 |
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
This property is rehabbed and rented! We just rented it for more than before. In the redevelopment zone with a lot of upside, and it has an additional lot.
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $109 monthly fee.
*90 day warranty on all repairs, 1 year warranty on all major repair items!