SAINT JOSEPH, MO


$ 60,000 - Buy & Hold

4.0 bd | 4.0 ba | 2,900 sqft | 1917

IRR
-41.51 %
Yield-on-Cost
17.07 %
Cash on Cash
44.15 %
Net Monthly Cashflow
$1,015

Description

Fourplex located a block or two from a very good area. New windows and doors, vinyl plank flooring. This has the potential for outstanding cash flow!


Buy & Hold Analysis

  • IRR: -41.51 %
  • Net Cashflow: $ 14,741
  • Rehab Est: $ 50,000
  • Cap Rate: 29.74 %
  • Monthly Rent: $ 0
  • ARV: $ 60,000
  • Cash on Cash: 91.84 %
  • Taxes: $ 426

Financial Analysis

  • Loan Amnt: $ 78,750
  • All-in Cost: $ 106,338
  • Debt Coverage Ratio: 29.74 %
  • Total Out of Pocket: $ 27,588
  • Monthly Mortgage: $ 498

Expense Assumptions

  • Prop Insurance: $ 480,000
  • Vacancy: $ 0
  • Prop Mgmt Fee: $ 0
  • Maintenance: $ 0
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 6.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 600
  • Rental Holding Period: 4


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