Wichita, KS


$ 29,900 - Buy & Hold

4.0 bd | 2.0 ba | 1,368 sqft | 1941 | $ 1,000 Rent

IRR
18.15 %
Yield-on-Cost
11.46 %
Cash on Cash
14.27 %
Net Monthly Cashflow
$511

Description


Buy & Hold Analysis

  • IRR: 18.15 %
  • Net Cashflow: $ 6,136
  • Rehab Est: $ 35,000
  • Cap Rate: 24.65 %
  • Monthly Rent: $ 1,000
  • ARV: $ 86,000
  • Cash on Cash: 76.72 %
  • Taxes: $ 1,391

Financial Analysis

  • Loan Amnt: $ 22,425
  • All-in Cost: $ 65,423
  • Debt Coverage Ratio: 24.65 %
  • Total Out of Pocket: $ 42,998
  • Monthly Mortgage: $ 114

Expense Assumptions

  • Prop Insurance: $ 239,200
  • Vacancy: $ 600
  • Prop Mgmt Fee: $ 1,200
  • Maintenance: $ 600
  • 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: $ 299
  • Rental Holding Period: 4


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