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


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