1129 Diamond Ave, South Bend, IN


$ 74,000 - Fix & Flip

3.0 bd | 1.5 ba | 1,296 sqft | 1921 | $ 825 Rent

ARV
$79,000
Net Profit
$25,240
Net ROI
57.00 %

Description

Property Id: 228757


Fix & Flip Analysis

  • IRR: 41.60 %
  • Net Cashflow: $ 2,421
  • Rehab Est: $ 12,000
  • Cap Rate: 8.36 %
  • Monthly Rent: $ 825
  • ARV: $ 79,000
  • Cash on Cash: 14.48 %
  • Taxes: $ 1,283

Financial Analysis

  • Loan Amnt: $ 22,400
  • All-in Cost: $ 40,728
  • Debt Coverage Ratio: 8.36 %
  • Total Out of Pocket: $ 18,328
  • Monthly Mortgage: $ 124

Expense Assumptions

  • Prop Insurance: $ 555
  • Vacancy: $ 495
  • Prop Mgmt Fee: $ 792
  • Maintenance: $ 495
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 20.00 %
  • Points: 2.00
  • Interest Rate: 5.25 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 740
  • Rental Holding Period: 12


Contact An Agent About This Property