Wichita, KS


$ 99,500 - Buy & Hold

2.0 bd | 1.0 ba | 1,140 sqft | 1921 | $ 900 Rent

IRR
69.15 %
Yield-on-Cost
18.18 %
Cash on Cash
47.90 %
Net Monthly Cashflow
$427

Description

Fantastic potential with this Arts and Crafts home with amazing moldings, arches, built ins, and hardwood floors! Great buy and hold rental or potential flip.


Buy & Hold Analysis

  • IRR: 69.15 %
  • Net Cashflow: $ 1,741
  • Rehab Est: $ 0
  • Cap Rate: 7.31 %
  • Monthly Rent: $ 900
  • ARV: $ 88,082
  • Cash on Cash: 6.54 %
  • Taxes: $ 520

Financial Analysis

  • Loan Amnt: $ 30,000
  • All-in Cost: $ 40,700
  • Debt Coverage Ratio: 7.31 %
  • Total Out of Pocket: $ 10,700
  • Monthly Mortgage: $ 190

Expense Assumptions

  • Prop Insurance: $ 796,000
  • Vacancy: $ 540
  • Prop Mgmt Fee: $ 1,080
  • Maintenance: $ 540
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 6.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 995
  • Rental Holding Period: 4


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