Topeka, KS


$ 69,900 - Buy & Hold

3.0 bd | 2.0 ba | 1,500 sqft | 1900 | $ 850 Rent

IRR
19.44 %
Yield-on-Cost
8.30 %
Cash on Cash
13.21 %
Net Monthly Cashflow
$261

Description

Lots of possibilities in this open home. 3 bedrooms on main floor. 2 full baths. 1 non egress basement bedroom. family room in the basement. large dining room with breakfast nook. 2 car detached garage. off street parking. partially fenced yard. Quick access to downtown.


Buy & Hold Analysis

  • IRR: 19.44 %
  • Net Cashflow: $ 3,131
  • Rehab Est: $ 5,000
  • Cap Rate: 8.88 %
  • Monthly Rent: $ 850
  • ARV: $ 83,748
  • Cash on Cash: 16.74 %
  • Taxes: $ 1,118

Financial Analysis

  • Loan Amnt: $ 52,425
  • All-in Cost: $ 76,123
  • Debt Coverage Ratio: 8.88 %
  • Total Out of Pocket: $ 23,698
  • Monthly Mortgage: $ 266

Expense Assumptions

  • Prop Insurance: $ 559,200
  • Vacancy: $ 510
  • Prop Mgmt Fee: $ 1,020
  • Maintenance: $ 510
  • 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: $ 699
  • Rental Holding Period: 4


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