PINE BLUFF, AR
$ 40,000 - Buy & Hold
2.0 bd | 1.0 ba | 640 sqft | 1944 | $ 700 Rent
IRR
30.01 %
Yield-on-Cost
19.11 %
Cash on Cash
23.42 %
Net Monthly Cashflow
$443
Description
Two bedroom one bath 640 square foot home built in 1944.
Buy & Hold Analysis
- IRR: 30.01 %
- Net Cashflow: $ 3,942
- Rehab Est: $ 20,000
- Cap Rate: 14.17 %
- Monthly Rent: $ 700
- ARV: $ 45,382
- Cash on Cash: 36.84 %
- Taxes: $ 217
Financial Analysis
- Loan Amnt: $ 7,500
- All-in Cost: $ 30,175
- Debt Coverage Ratio: 14.17 %
- Total Out of Pocket: $ 22,675
- Monthly Mortgage: $ 38
Expense Assumptions
- Prop Insurance: $ 320,000
- Vacancy: $ 420
- Prop Mgmt Fee: $ 840
- Maintenance: $ 420
- 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: $ 400
- Rental Holding Period: 4