124 E Lawrence St, Mishawaka, IN
$ 135,000 - Buy & Hold
3.0 bd | 2.0 ba | 1,224 sqft | 1880 | $ 1,059 Rent
IRR
29.54 %
Yield-on-Cost
8.79 %
Cash on Cash
16.54 %
Net Monthly Cashflow
$315
Description
Fantastic 3/2 totally renovated home with newer roof, new kitchen, two totally renovated bathrooms, new flooring, lighting, stainless steel appliances!
Buy & Hold Analysis
- IRR: 29.54 %
- Net Cashflow: $ 1,586
- Rehab Est: $ 45,000
- Cap Rate: 5.64 %
- Monthly Rent: $ 1,059
- ARV: $ 135,000
- Cash on Cash: 4.39 %
- Taxes: $ 1,719
Financial Analysis
- Loan Amnt: $ 65,250
- All-in Cost: $ 88,073
- Debt Coverage Ratio: 5.64 %
- Total Out of Pocket: $ 22,823
- Monthly Mortgage: $ 331
Expense Assumptions
- Prop Insurance: $ 1,080,000
- Vacancy: $ 635
- Prop Mgmt Fee: $ 1,271
- Maintenance: $ 635
- 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: $ 1,350
- Rental Holding Period: 4