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Property details
Beds4
Baths2
Square feet1,496
Year built1936
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash19.20%
Cap Rate10.13%
IRR33.29%
DSCR1.94x
ARV$200,000
Equity$20,000
Purchase & Financing
| Purchase price | $180,000 |
| Closing costs | $3,600 |
| Down payment (25%) | $45,000 |
| Loan amount | $135,000 |
| Loan points | $2,700 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $47,700 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,775 | $21,300 |
| Vacancy | ($36) | ($426) |
| Property taxes | ($44) | ($527) |
| Insurance | ($71) | ($850) |
| Maintenance | ($52) | ($626) |
| Net operating income | $1,573 | $18,871 |
| Mortgage (P&I) | ($809) | ($9,713) |
| Net cash flow | $763 | $9,158 |
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 was rehabbed a few years ago and currently advertising for a tenant. This property was appraised for $200,000 in Dec. 2024.
*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!