South Bend, IN
$ 97,900 - Buy & Hold
3.0 bd | 1.0 ba | 944 sqft | 1920 | $ 900 Rent
IRR
14.16 %
Yield-on-Cost
6.97 %
Cash on Cash
9.46 %
Net Monthly Cashflow
$206
Description
LOT 242 MAYRS MICHIGAN AVE ADD
Buy & Hold Analysis
- IRR: 14.16 %
- Net Cashflow: $ 2,478
- Rehab Est: $ 0
- Cap Rate: 6.97 %
- Monthly Rent: $ 900
- ARV: $ 97,900
- Cash on Cash: 9.46 %
- Taxes: $ 979
Financial Analysis
- Loan Amnt: $ 73,425
- All-in Cost: $ 99,613
- Debt Coverage Ratio: 6.97 %
- Total Out of Pocket: $ 26,188
- Monthly Mortgage: $ 372
Expense Assumptions
- Prop Insurance: $ 783,200
- 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: 4.50 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 979
- Rental Holding Period: 4