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Property details
Beds7
Baths6
Square feet2,200
Year built1970
Property typeSingle Family
CountyDeKalb County
Proforma Turnkey End Buyer
Cash on Cash16.34%
Cap Rate9.93%
IRR30.27%
DSCR1.79x
Equity$-350,000
Purchase & Financing
| Purchase price | $350,000 |
| Closing costs | $3,500 |
| Down payment (25%) | $87,500 |
| Loan amount | $262,500 |
| Loan points | $5,250 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $96,250 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $6,716 | $80,592 |
| Vacancy | ($806) | ($9,671) |
| Property taxes | ($465) | ($5,584) |
| Insurance | ($175) | ($2,094) |
| Maintenance | ($355) | ($4,255) |
| Property management | ($946) | ($11,347) |
| Utilities | ($83) | ($1,000) |
| Net operating income | $2,970 | $35,640 |
| Mortgage (P&I) | ($1,659) | ($19,910) |
| Net cash flow | $1,311 | $15,730 |
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
PADSPLIT CO-LIVING OPPORTUNITY! We are currently renovating this and it should be completed in 6-8 weeks. We are making it 2 en suites upstairs instead of 1 because the bottom right hand corner bedroom is larger. The living room will become an en suite, and the left side of kitchen will become a nice shared bedroom with its own entrance. The basement area will have 2 en suites as well. In total, we will have 5 en suites and 2 shared baths. After adding an additional en suite brings us to around 2,200-2,250 sqft.