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Property details
Beds3
Baths2
Square feet1,633
Year built1972
Property typeSingle Family
CountyWalker County
Proforma Turnkey End Buyer
Cash on Cash8.53%
Cap Rate7.55%
IRR23.60%
DSCR1.43x
ARV$265,000
Equity$25,500
Purchase & Financing
| Purchase price | $239,500 |
| Closing costs | $2,395 |
| Down payment (25%) | $59,875 |
| Loan amount | $179,625 |
| Loan points | $3,593 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $65,863 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,850 | $22,200 |
| Vacancy | ($37) | ($444) |
| Property taxes | ($113) | ($1,361) |
| Insurance | ($100) | ($1,200) |
| Maintenance | ($54) | ($653) |
| Net operating income | $1,545 | $18,542 |
| Mortgage (P&I) | ($1,077) | ($12,923) |
| Net cash flow | $468 | $5,619 |
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
Renovations will be completed in about 30 days. Bigger home than usual, and a bigger lot. Photos coming soon…
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS!