SAINT JOSEPH, MO
$ 49,104 - Buy & Hold
3.0 bd | 2.0 ba | 744 sqft | 1902 | $ 850 Rent
IRR
17.11 %
Yield-on-Cost
9.07 %
Cash on Cash
12.63 %
Net Monthly Cashflow
$367
Description
With a little TLC this can be your dream home, this 3 bedroom 2 1/2 bathroom home is being sold a is. Inspections are welcome but the seller will make no repairs. Square footage is from the county and did not separate lower level and upper level. Furnace was installed in the last year, hot water heater is 4 years old. The kitchen refrigerator and a dryer in the basement are staying with the home. There is no AC in the home.
Buy & Hold Analysis
- IRR: 17.11 %
- Net Cashflow: $ 4,692
- Rehab Est: $ 20,000
- Cap Rate: 13.87 %
- Monthly Rent: $ 850
- ARV: $ 90,000
- Cash on Cash: 35.72 %
- Taxes: $ 505
Financial Analysis
- Loan Amnt: $ 41,618
- All-in Cost: $ 76,462
- Debt Coverage Ratio: 13.87 %
- Total Out of Pocket: $ 34,844
- Monthly Mortgage: $ 211
Expense Assumptions
- Prop Insurance: $ 392,832
- 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: $ 491
- Rental Holding Period: 4