1021 Princeton Boulevard, ELKHART, IN


$ 114,900 - Buy & Hold

6.0 bd | 3.0 ba | 1,882 sqft | 1900 | $ 1,425 Rent

IRR
69.88 %
Yield-on-Cost
18.22 %
Cash on Cash
49.19 %
Net Monthly Cashflow
$835

Description

Fantastic duplex in great shape and with consistent long term tenants. Back unit is renovated very nicely and front unit is in fair condition as well.


Buy & Hold Analysis

  • IRR: 69.88 %
  • Net Cashflow: $ 7,180
  • Rehab Est: $ 5,000
  • Cap Rate: 11.26 %
  • Monthly Rent: $ 1,425
  • ARV: $ 115,000
  • Cash on Cash: 27.65 %
  • Taxes: $ 0

Financial Analysis

  • Loan Amnt: $ 54,400
  • All-in Cost: $ 74,768
  • Debt Coverage Ratio: 11.26 %
  • Total Out of Pocket: $ 20,368
  • Monthly Mortgage: $ 300

Expense Assumptions

  • Prop Insurance: $ 862
  • Vacancy: $ 855
  • Prop Mgmt Fee: $ 1,368
  • Maintenance: $ 855
  • 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: $ 1,149
  • Rental Holding Period: 12


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