Saint Joseph, MO


$ 49,900 - Buy & Hold

4.0 bd | 1.0 ba | 1,500 sqft | 1926 | $ 975 Rent

IRR
6.54 %
Yield-on-Cost
10.03 %
Cash on Cash
13.44 %
Net Monthly Cashflow
$486

Description

Four bedroom one bath home with good curb appeal and bones. This property has lots of potential! We love the hardwood floors, wood work, fireplace,


Buy & Hold Analysis

  • IRR: 6.54 %
  • Net Cashflow: $ 5,827
  • Rehab Est: $ 30,000
  • Cap Rate: 15.96 %
  • Monthly Rent: $ 975
  • ARV: $ 49,900
  • Cash on Cash: 43.65 %
  • Taxes: $ 545

Financial Analysis

  • Loan Amnt: $ 37,425
  • All-in Cost: $ 80,773
  • Debt Coverage Ratio: 15.96 %
  • Total Out of Pocket: $ 43,348
  • Monthly Mortgage: $ 190

Expense Assumptions

  • Prop Insurance: $ 399,200
  • Vacancy: $ 585
  • Prop Mgmt Fee: $ 1,170
  • Maintenance: $ 585
  • 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: $ 499
  • Rental Holding Period: 4


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