Moline, IL


$ 69,900 - Buy & Hold

4.0 bd | 2.0 ba | 1,583 sqft | 1900 | $ 850 Rent

IRR
20.45 %
Yield-on-Cost
8.10 %
Cash on Cash
13.75 %
Net Monthly Cashflow
$215

Description

This 4 bedroom 2 bath 1 1/2 story is located in the heart of Moline. Main level features a full bath, main level bedroom, living room & eat in kitchen. Upper level features full bath with huge walk in closet & 3 nice size bedrooms. Main level has new flooring. Would also make a great investment property.


Buy & Hold Analysis

  • IRR: 20.45 %
  • Net Cashflow: $ 2,579
  • Rehab Est: $ 0
  • Cap Rate: 8.11 %
  • Monthly Rent: $ 850
  • ARV: $ 74,531
  • Cash on Cash: 13.79 %
  • Taxes: $ 1,670

Financial Analysis

  • Loan Amnt: $ 52,493
  • All-in Cost: $ 71,215
  • Debt Coverage Ratio: 8.11 %
  • Total Out of Pocket: $ 18,722
  • Monthly Mortgage: $ 266

Expense Assumptions

  • Prop Insurance: $ 559,200
  • 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: $ 699
  • Rental Holding Period: 4


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