South Bend, IN
$ 39,900 - Buy & Hold
3.0 bd | 1.0 ba | 1,494 sqft | 1903 | $ 850 Rent
IRR
20.06 %
Yield-on-Cost
9.97 %
Cash on Cash
12.83 %
Net Monthly Cashflow
$435
Description
Large 3/1 property with hardwood floors that have some potential. This property needs a good amount of rehab, but should cash flow very well!
Buy & Hold Analysis
- IRR: 20.06 %
- Net Cashflow: $ 5,218
- Rehab Est: $ 30,000
- Cap Rate: 17.33 %
- Monthly Rent: $ 850
- ARV: $ 115,527
- Cash on Cash: 48.89 %
- Taxes: $ 399
Financial Analysis
- Loan Amnt: $ 29,925
- All-in Cost: $ 70,598
- Debt Coverage Ratio: 17.33 %
- Total Out of Pocket: $ 40,673
- Monthly Mortgage: $ 152
Expense Assumptions
- Prop Insurance: $ 319,200
- 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: $ 399
- Rental Holding Period: 4