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Property details
Beds4
Baths2
Square feet1,595
Year built1915
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash17.69%
Cap Rate10.03%
IRR32.16%
DSCR1.82x
ARV$210,000
Equity$25,000
Purchase & Financing
| Purchase price | $185,000 |
| Closing costs | $3,700 |
| Down payment (25%) | $46,250 |
| Loan amount | $138,750 |
| Loan points | $2,775 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $49,025 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,800 | $21,600 |
| Vacancy | ($36) | ($432) |
| Property taxes | ($40) | ($485) |
| Insurance | ($71) | ($850) |
| Maintenance | ($53) | ($635) |
| Net operating income | $1,600 | $19,198 |
| Mortgage (P&I) | ($877) | ($10,524) |
| Net cash flow | $723 | $8,674 |
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! More photos coming shortly…
Lease Term: 8/1/26 – 7/31/27
A house we sold one block away that is very similar was appraised for $210,000 just a few months ago.
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $109 a month.
*90 day warranty on all repairs, 1 year warranty on all major repair items!