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Property details
Beds4
Baths3.5
Square feet3,130
Year built1942
Property typeMulti Family - 2 Units
Proforma Turnkey End Buyer
Cash on Cash12.92%
Cap Rate8.73%
IRR25.94%
DSCR1.66x
Equity$-364,000
Purchase & Financing
| Purchase price | $364,000 |
| Closing costs | $3,640 |
| Down payment (25%) | $91,000 |
| Loan amount | $273,000 |
| Loan points | $5,460 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $100,100 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $3,100 | $37,200 |
| Vacancy | ($62) | ($744) |
| Property taxes | ($124) | ($1,485) |
| Insurance | ($108) | ($1,300) |
| Maintenance | ($91) | ($1,094) |
| Net operating income | $2,715 | $32,577 |
| Mortgage (P&I) | ($1,637) | ($19,641) |
| Net cash flow | $1,078 | $12,936 |
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
Fully rehabbed top to bottom almost done! Will be leasing a mother in law suite for $900 once completed and the other unit for $2,200. Everything including the septic tank is new here. Down the road it has room to do an ADU for about $100,000 if you wanted another structure leasing for $1,100, 2 bed 1 bath.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS!