Dayton, OH


$ 34,000 - Buy & Hold

3.0 bd | 1.0 ba | 798 sqft | 1928 | $ 800 Rent

IRR
71.59 %
Yield-on-Cost
17.95 %
Cash on Cash
51.24 %
Net Monthly Cashflow
$388

Description

Two bedroom house with new siding, roof, needs interior rehab, has unfinished basement for storage.


Buy & Hold Analysis

  • IRR: 71.59 %
  • Net Cashflow: $ 4,660
  • Rehab Est: $ 0
  • Cap Rate: 17.95 %
  • Monthly Rent: $ 800
  • ARV: $ 35,000
  • Cash on Cash: 51.24 %
  • Taxes: $ 741

Financial Analysis

  • Loan Amnt: $ 25,500
  • All-in Cost: $ 34,595
  • Debt Coverage Ratio: 17.95 %
  • Total Out of Pocket: $ 9,095
  • Monthly Mortgage: $ 129

Expense Assumptions

  • Prop Insurance: $ 272,000
  • Vacancy: $ 480
  • Prop Mgmt Fee: $ 960
  • Maintenance: $ 480
  • 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: $ 340
  • Rental Holding Period: 4


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