South Bend, IN
$ 160,700 - Buy & Hold
8.0 bd | 4.0 ba | 4,208 sqft | 1922
IRR
55.17 %
Yield-on-Cost
23.36 %
Cash on Cash
32.66 %
Net Monthly Cashflow
$1,034
Description
LOT 44 PRASTS SUB OF LOT 13 OF K & M ADD
Buy & Hold Analysis
- IRR: 55.17 %
- Net Cashflow: $ 4,971
- Rehab Est: $ 30,000
- Cap Rate: 8.63 %
- Monthly Rent: $ 0
- ARV: $ 160,000
- Cash on Cash: 11.56 %
- Taxes: $ 600
Financial Analysis
- Loan Amnt: $ 22,425
- All-in Cost: $ 60,423
- Debt Coverage Ratio: 8.63 %
- Total Out of Pocket: $ 37,998
- Monthly Mortgage: $ 142
Expense Assumptions
- Prop Insurance: $ 1,285,600
- Vacancy: $ 0
- Prop Mgmt Fee: $ 0
- Maintenance: $ 0
- 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: $ 1,607
- Rental Holding Period: 4