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Property details
Beds4
Baths2
Square feet1,237
Year built1924
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash16.34%
Cap Rate9.68%
IRR30.85%
DSCR1.76x
ARV$220,000
Equity$25,000
Purchase & Financing
| Purchase price | $195,000 |
| Closing costs | $3,900 |
| Down payment (25%) | $48,750 |
| Loan amount | $146,250 |
| Loan points | $2,925 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $51,675 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,800 | $21,600 |
| Vacancy | ($36) | ($432) |
| Property taxes | ($12) | ($148) |
| Insurance | ($71) | ($850) |
| Maintenance | ($53) | ($635) |
| Net operating income | $1,628 | $19,535 |
| Mortgage (P&I) | ($924) | ($11,093) |
| Net cash flow | $704 | $8,442 |
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 freshly renovated and being advertised for a tenant. Great location!
*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!