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


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