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Property details
Beds3
Baths1
Square feet1,075
Year built1960
Property typeSingle Family
CountyShelby County
Proforma Turnkey End Buyer
Cash on Cash12.69%
Cap Rate9.09%
IRR23.78%
DSCR1.93x
ARV$114,900
Purchase & Financing
| Purchase price | $114,900 |
| Closing costs | $1,149 |
| Down payment (33%) | $37,917 |
| Loan amount | $76,983 |
| Loan points | $1,540 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $40,606 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,095 | $13,140 |
| Vacancy | ($22) | ($263) |
| Property taxes | ($83) | ($1,000) |
| Insurance | ($67) | ($800) |
| Maintenance | ($32) | ($386) |
| Net operating income | $891 | $10,691 |
| Mortgage (P&I) | ($462) | ($5,539) |
| Net cash flow | $429 | $5,152 |
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.