Property details
Proforma Turnkey End Buyer
Purchase & Financing
| Purchase price | $255,000 |
| Closing costs | $5,100 |
| Down payment (25%) | $63,750 |
| Loan amount | $191,250 |
| Loan points | $3,825 |
| Interest rate | 6.70% |
| Loan term | 30 years |
| Total out of pocket | $72,675 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,700 | $32,400 |
| Vacancy | ($54) | ($648) |
| Property taxes | ($136) | ($1,630) |
| Insurance | ($117) | ($1,400) |
| Maintenance | ($79) | ($953) |
| Utilities | ($13) | ($150) |
| Net operating income | $2,164 | $25,969 |
| Mortgage (P&I) | ($1,234) | ($14,809) |
| Net cash flow | $930 | $11,160 |
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
High quality renovation! 3/2 and 2/2 duplex on a nice street close to restaurants, parks and Lake Michigan! Tenants can commute to Chicago for work but have better schools, lower taxes and cost of living and lower crime in Indiana, which is a landlord friendly state. New exterior and interior paint, luxury vinyl plank, lighting, brand new kitchen with granite countertops, stainless steel appliances! New bathrooms with new shower surrounds, toilets, vanities, mirrors and more. New exterior doors, windows, hvac and roof was replaced recently before current owner purchased property!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 10%.