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Property details
Beds2
Baths1
Square feet1,492
Year built1925
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash14.67%
Cap Rate9.03%
IRR28.24%
DSCR1.68x
ARV$153,000
Purchase & Financing
| Purchase price | $153,000 |
| Closing costs | $1,530 |
| Down payment (25%) | $38,250 |
| Loan amount | $114,750 |
| Loan points | $2,295 |
| Interest rate | 6.20% |
| Loan term | 30 years |
| Total out of pocket | $39,015 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,350 | $16,200 |
| Vacancy | ($27) | ($324) |
| Property taxes | ($37) | ($443) |
| Insurance | ($67) | ($800) |
| Maintenance | ($40) | ($476) |
| Net operating income | $1,180 | $14,157 |
| Mortgage (P&I) | ($703) | ($8,434) |
| Net cash flow | $477 | $5,723 |
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 ready for a tenant!
*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!