Rock Island, IL
$ 69,900 - Buy & Hold
15.0 bd | 9.0 ba | 7,668 sqft | 1880
IRR
85.80 %
Yield-on-Cost
20.18 %
Cash on Cash
59.69 %
Net Monthly Cashflow
$930
Description
Check out this Rock Island tri-plex investment opportunity. All three units were recently refreshed, and are ready for new tenants. This property can also be purchased with other DJ Props listings a reduced rate. Previous rents on this property totaled $1750 per month. Buyer and Buyers Agent to Verify all Aspects of the Home. Property is being sold as-is where-is, with no warranties written, or implied.
Buy & Hold Analysis
- IRR: 85.80 %
- Net Cashflow: $ 11,162
- Rehab Est: $ 0
- Cap Rate: 20.18 %
- Monthly Rent: $ 0
- ARV: $ 69,990
- Cash on Cash: 59.69 %
- Taxes: $ 1,559
Financial Analysis
- Loan Amnt: $ 52,425
- All-in Cost: $ 71,123
- Debt Coverage Ratio: 20.18 %
- Total Out of Pocket: $ 18,698
- Monthly Mortgage: $ 266
Expense Assumptions
- Prop Insurance: $ 559,200
- 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: $ 699
- Rental Holding Period: 4