Saint Joseph, MO


$ 130,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,675 sqft | 1881 | $ 1,050 Rent

IRR
18.94 %
Yield-on-Cost
7.24 %
Cash on Cash
10.48 %
Net Monthly Cashflow
$257

Description

Victorian home great curb appeal, kitchen renovation looks to be in progress, need some doors on top cabinets, refinish hardwood floors, paint the interior, do some landscaping. Seller paid less than $99,000 so I would offer lower on this one, like $105,000.


Buy & Hold Analysis

  • IRR: 18.94 %
  • Net Cashflow: $ 1,716
  • Rehab Est: $ 0
  • Cap Rate: 5.69 %
  • Monthly Rent: $ 1,050
  • ARV: $ 130,000
  • Cash on Cash: 4.58 %
  • Taxes: $ 1,274

Financial Analysis

  • Loan Amnt: $ 82,500
  • All-in Cost: $ 111,925
  • Debt Coverage Ratio: 5.69 %
  • Total Out of Pocket: $ 29,425
  • Monthly Mortgage: $ 418

Expense Assumptions

  • Prop Insurance: $ 1,040,000
  • Vacancy: $ 630
  • Prop Mgmt Fee: $ 1,260
  • Maintenance: $ 630
  • 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: $ 1,300
  • Rental Holding Period: 4


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