Moline, IL


$ 60,798 - Buy & Hold

3.0 bd | 1.0 ba | 1,367 sqft | 1890 | $ 850 Rent

IRR
34.23 %
Yield-on-Cost
10.58 %
Cash on Cash
23.33 %
Net Monthly Cashflow
$309

Description

Moline investment opportunity now available! This three bedroom, one bath home is currently in need of some tlc, but has tons of potential. This property can also be purchased as part of a package with other listings at a reduced price. This property is being sold as-is, where-is with no warranties written or implied. Buyer and buyers agent to verify all aspects of the home.


Buy & Hold Analysis

  • IRR: 34.23 %
  • Net Cashflow: $ 3,663
  • Rehab Est: $ 15,000
  • Cap Rate: 10.40 %
  • Monthly Rent: $ 850
  • ARV: $ 78,000
  • Cash on Cash: 22.52 %
  • Taxes: $ 1,001

Financial Analysis

  • Loan Amnt: $ 44,925
  • All-in Cost: $ 60,798
  • Debt Coverage Ratio: 10.40 %
  • Total Out of Pocket: $ 15,873
  • Monthly Mortgage: $ 228

Expense Assumptions

  • Prop Insurance: $ 486,384
  • Vacancy: $ 510
  • Prop Mgmt Fee: $ 1,020
  • Maintenance: $ 510
  • 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: $ 608
  • Rental Holding Period: 4


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