Topeka, KS


$ 89,950 - Buy & Hold

3.0 bd | 1.0 ba | 1,487 sqft | 1925 | $ 1,101 Rent

IRR
27.32 %
Yield-on-Cost
9.31 %
Cash on Cash
14.14 %
Net Monthly Cashflow
$281

Description

Great opportunity for an investor! 3 Bedroom, 1 Bath, with all natural hardwood trim, hardwood floors, new carpet, updated bathroom, fresh paint and more! Currently rented until June of 2023 and priced almost $10,000 below county value!


Buy & Hold Analysis

  • IRR: 27.32 %
  • Net Cashflow: $ 3,313
  • Rehab Est: $ 0
  • Cap Rate: 9.21 %
  • Monthly Rent: $ 1,101
  • ARV: $ 136,247
  • Cash on Cash: 13.77 %
  • Taxes: $ 1,439

Financial Analysis

  • Loan Amnt: $ 66,750
  • All-in Cost: $ 90,558
  • Debt Coverage Ratio: 9.21 %
  • Total Out of Pocket: $ 23,808
  • Monthly Mortgage: $ 422

Expense Assumptions

  • Prop Insurance: $ 719,600
  • Vacancy: $ 661
  • Prop Mgmt Fee: $ 1,321
  • Maintenance: $ 661
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 6.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 900
  • Rental Holding Period: 4


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