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


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