938 S 36th St, South Bend, IN


$ 92,000 - Buy & Hold

3.0 bd | 1.0 ba | 1,000 sqft | 1918 | $ 900 Rent

IRR
93.32 %
Yield-on-Cost
15.38 %
Cash on Cash
52.25 %
Net Monthly Cashflow
$438

Description

Cute 3 bedroom house with tons of character and close to all conveniences. Hardwood floors throughout living room/ dining room/ front room and 2 bedroom as well as new bamboo flooring in upstairs bedroom. Fenced back yard for kids and pets as well as NEWER ROOF, HVAC, WATER HEATER, GARAGE DOOR AND OPENER! Call for your private showing today!


Buy & Hold Analysis

  • IRR: 93.32 %
  • Net Cashflow: $ 2,882
  • Rehab Est: $ 3,000
  • Cap Rate: 7.64 %
  • Monthly Rent: $ 900
  • ARV: $ 87,457
  • Cash on Cash: 14.92 %
  • Taxes: $ 932

Financial Analysis

  • Loan Amnt: $ 38,400
  • All-in Cost: $ 48,450
  • Debt Coverage Ratio: 7.64 %
  • Total Out of Pocket: $ 10,050
  • Monthly Mortgage: $ 183

Expense Assumptions

  • Prop Insurance: $ 690
  • Vacancy: $ 540
  • Prop Mgmt Fee: $ 1,080
  • Maintenance: $ 540
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 20.00 %
  • Points: 0.00
  • Interest Rate: 4.00 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 920
  • Rental Holding Period: 12


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