Property details
Proforma Turnkey End Buyer
Purchase & Financing
| Purchase price | $264,168 |
| Closing costs | $2,642 |
| Down payment (25%) | $66,042 |
| Loan amount | $198,126 |
| Loan points | $3,963 |
| Interest rate | 6.70% |
| Loan term | 30 years |
| Total out of pocket | $72,646 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $3,075 | $36,900 |
| Vacancy | ($62) | ($738) |
| Property taxes | ($120) | ($1,435) |
| Insurance | ($150) | ($1,800) |
| Maintenance | ($90) | ($1,085) |
| Utilities | ($25) | ($300) |
| Net operating income | $2,354 | $28,242 |
| Mortgage (P&I) | ($1,278) | ($15,342) |
| Net cash flow | $1,075 | $12,901 |
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
Attention Investors! 4plex in great condition! Two-story, 4-unit brick building. Three units leased with one vacancy.
Unit 1 – leased for $825
Unit 2 – leased for $750
Unit 3 – leased for $650
Unit 4 – vacant, projected rent $875. We are being conservative at $850 for the proforma.
The long term tenant leased at $650 can be increased incrementally over time. So take the tenant $650 and move them to $685, and the tenant at $750 to $775. And lease the vacant unit for $875.
The other first level unit has been recently renovated. The other tenants went to month to month but are long term, they have not asked them about doing a one year lease.
Each one bedroom unit offers generously-sized rooms including a living room, eat-in kitchen, a bath and some hardwood floors. Both the front porch and rear balcony have decorative wrought iron spindles. The rear balconies overlook a grassy back yard. Newer 5 year old high quality flat roof. This is an ideal property to add to your investment portfolio.
We can get a tenant placed in the vacant unit for you.
*1 YEAR OF PRE-PAID PROPERTY MANAGEMENT INCLUDED!