SOUTH BEND, IN
$ 26,900 - Buy & Hold
3.0 bd | 1.5 ba | 1,311 sqft | 1923 | $ 895 Rent
IRR
0.00 %
Yield-on-Cost
10.36 %
Cash on Cash
12.01 %
Net Monthly Cashflow
$523
Description
Investor Alert! Check out this home at a great price with a ton of potential for the right buyer. Home needs some work, but with some updates could be a great addition to your rental portfolio, low cost home to live in, or fix it & resell it.
Buy & Hold Analysis
- IRR: 0.00 %
- Net Cashflow: $ 3,165
- Rehab Est: $ 45,000
- Cap Rate: 7.76 %
- Monthly Rent: $ 895
- ARV: $ 26,900
- Cash on Cash: 12.46 %
- Taxes: $ 375
Financial Analysis
- Loan Amnt: $ 20,175
- All-in Cost: $ 72,371
- Debt Coverage Ratio: 7.76 %
- Total Out of Pocket: $ 52,196
- Monthly Mortgage: $ 102
Expense Assumptions
- Prop Insurance: $ 215,200
- Vacancy: $ 537
- Prop Mgmt Fee: $ 1,074
- Maintenance: $ 537
- 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: $ 269
- Rental Holding Period: 4