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