Rock Island, IL


$ 99,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,450 sqft | 1922 | $ 900 Rent

IRR
15.69 %
Yield-on-Cost
9.97 %
Cash on Cash
11.79 %
Net Monthly Cashflow
$472

Description


Buy & Hold Analysis

  • IRR: 15.69 %
  • Net Cashflow: $ 2,517
  • Rehab Est: $ 40,000
  • Cap Rate: 6.98 %
  • Monthly Rent: $ 900
  • ARV: $ 99,000
  • Cash on Cash: 9.50 %
  • Taxes: $ 890

Financial Analysis

  • Loan Amnt: $ 22,500
  • All-in Cost: $ 70,525
  • Debt Coverage Ratio: 6.98 %
  • Total Out of Pocket: $ 48,025
  • Monthly Mortgage: $ 114

Expense Assumptions

  • Prop Insurance: $ 792,000
  • Vacancy: $ 540
  • Prop Mgmt Fee: $ 1,080
  • Maintenance: $ 540
  • 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: $ 990
  • Rental Holding Period: 4


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