Pine Bluff, AR


$ 158,000 - Buy & Hold

4.0 bd | 2.0 ba | 1,486 sqft | 1972 | $ 1,350 Rent

IRR
14.34 %
Yield-on-Cost
7.01 %
Cash on Cash
9.62 %
Net Monthly Cashflow
$339

Description

Fantastic renovation on this 4/2 brick home with 1,486 square feet this home is spectacular! Featuring new kitchen cabinets, granite, stainless steel appliances, high end vanities, granite and custom tile in the bathrooms, new paint, lighting and so much more! This property will be in high demand with the most qualified tenants, who want a premium lifestyle!


Buy & Hold Analysis

  • IRR: 14.34 %
  • Net Cashflow: $ 4,065
  • Rehab Est: $ 0
  • Cap Rate: 7.01 %
  • Monthly Rent: $ 1,350
  • ARV: $ 158,000
  • Cash on Cash: 9.62 %
  • Taxes: $ 1,011

Financial Analysis

  • Loan Amnt: $ 118,500
  • All-in Cost: $ 160,765
  • Debt Coverage Ratio: 7.01 %
  • Total Out of Pocket: $ 42,265
  • Monthly Mortgage: $ 600

Expense Assumptions

  • Prop Insurance: $ 1,264,000
  • Vacancy: $ 810
  • Prop Mgmt Fee: $ 1,620
  • Maintenance: $ 810
  • 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: $ 1,580
  • Rental Holding Period: 4


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