Moline, IL


$ 75,000 - Buy & Hold

8.0 bd | 4.0 ba | 3,988 sqft | 1911

IRR
67.26 %
Yield-on-Cost
17.08 %
Cash on Cash
47.91 %
Net Monthly Cashflow
$801

Description

Up/Down Duplex. Located blocks from the 74 Bridge. Showings subject to tenants rights. Owner is Realtor licensed in Iowa


Buy & Hold Analysis

  • IRR: 67.26 %
  • Net Cashflow: $ 9,611
  • Rehab Est: $ 0
  • Cap Rate: 17.08 %
  • Monthly Rent: $ 0
  • ARV: $ 108,929
  • Cash on Cash: 47.91 %
  • Taxes: $ 1,673

Financial Analysis

  • Loan Amnt: $ 56,250
  • All-in Cost: $ 76,313
  • Debt Coverage Ratio: 17.08 %
  • Total Out of Pocket: $ 20,063
  • Monthly Mortgage: $ 285

Expense Assumptions

  • Prop Insurance: $ 600,000
  • 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: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 750
  • Rental Holding Period: 4


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