Moline, IL
$ 19,900 - Buy & Hold
3.0 bd | 1.0 ba | 1,894 sqft | 1894 | $ 750 Rent
IRR
24.18 %
Yield-on-Cost
13.31 %
Cash on Cash
16.87 %
Net Monthly Cashflow
$426
Description
Attention contractors/investors and rehabbers. Bring your decorating ideas. Grand 2 story home perched high above street level. 3 bedroom, 1 full bath, LR,DR, and Kitchen. Full basement. Great family home. This will not last. Show and sell.
Buy & Hold Analysis
- IRR: 24.18 %
- Net Cashflow: $ 5,116
- Rehab Est: $ 25,000
- Cap Rate: 29.75 %
- Monthly Rent: $ 750
- ARV: $ 80,000
- Cash on Cash: 96.11 %
- Taxes: $ 444
Financial Analysis
- Loan Amnt: $ 14,925
- All-in Cost: $ 45,248
- Debt Coverage Ratio: 29.75 %
- Total Out of Pocket: $ 30,323
- Monthly Mortgage: $ 76
Expense Assumptions
- Prop Insurance: $ 159,200
- Vacancy: $ 450
- Prop Mgmt Fee: $ 900
- Maintenance: $ 450
- 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: $ 199
- Rental Holding Period: 4