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


Contact An Agent About This Property