2427 Ford St, South Bend, IN


$ 79,000 - Buy & Hold

5.0 bd | 2.0 ba | 1,400 sqft | 1911 | $ 1,200 Rent

IRR
62.26 %
Yield-on-Cost
16.12 %
Cash on Cash
44.87 %
Net Monthly Cashflow
$617

Description


Buy & Hold Analysis

  • IRR: 62.26 %
  • Net Cashflow: $ 8,978
  • Rehab Est: $ 35,000
  • Cap Rate: 35.44 %
  • Monthly Rent: $ 1,200
  • ARV: $ 80,000
  • Cash on Cash: 117.76 %
  • Taxes: $ 550

Financial Analysis

  • Loan Amnt: $ 47,250
  • All-in Cost: $ 63,753
  • Debt Coverage Ratio: 35.44 %
  • Total Out of Pocket: $ 16,503
  • Monthly Mortgage: $ 239

Expense Assumptions

  • Prop Insurance: $ 632,000
  • Vacancy: $ 720
  • Prop Mgmt Fee: $ 1,440
  • Maintenance: $ 720
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 790
  • Rental Holding Period: 4


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