Pine Bluff, AR
$ 500,000 - Buy & Hold
18.0 bd | 17.0 ba | 26,928 sqft | 1979
IRR
44.09 %
Yield-on-Cost
15.31 %
Cash on Cash
33.59 %
Net Monthly Cashflow
$4,770
Description
Amazing Multi Family Value Add opportunity! 17 total units with (4) 2 Br 1 BA and (13) 1 BR 1 BA apartments. (7) Units have been fully renovated! Don't miss out on this property with tremendous potential! Owner Financing is available for a qualified buyer! Verify whether the 10 units are instead actually studios as the pictures appear. Property appears to be converted hotel.
Buy & Hold Analysis
- IRR: 44.09 %
- Net Cashflow: $ 54,956
- Rehab Est: $ 50,000
- Cap Rate: 15.28 %
- Monthly Rent: $ 0
- ARV: $ 500,000
- Cash on Cash: 41.09 %
- Taxes: $ 3,808
Financial Analysis
- Loan Amnt: $ 337,500
- All-in Cost: $ 507,875
- Debt Coverage Ratio: 15.28 %
- Total Out of Pocket: $ 170,375
- Monthly Mortgage: $ 1,710
Expense Assumptions
- Prop Insurance: $ 4,000,000
- 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: 4.50 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 5,000
- Rental Holding Period: 4