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