South Bend, IN


$ 115,000 - Buy & Hold

4.0 bd | 1.5 ba | 2,176 sqft | 1947 | $ 1,000 Rent

IRR
18.48 %
Yield-on-Cost
6.61 %
Cash on Cash
8.11 %
Net Monthly Cashflow
$208

Description

Gleaming hardwood floors in this 4 bedroom house with a fantastic porch, basement and front and back stairs. Located close to everything, and fantastic curb appeal.


Buy & Hold Analysis

  • IRR: 18.48 %
  • Net Cashflow: $ 2,496
  • Rehab Est: $ 0
  • Cap Rate: 6.61 %
  • Monthly Rent: $ 1,000
  • ARV: $ 148,535
  • Cash on Cash: 8.11 %
  • Taxes: $ 1,150

Financial Analysis

  • Loan Amnt: $ 86,250
  • All-in Cost: $ 117,013
  • Debt Coverage Ratio: 6.61 %
  • Total Out of Pocket: $ 30,763
  • Monthly Mortgage: $ 437

Expense Assumptions

  • Prop Insurance: $ 920,000
  • Vacancy: $ 600
  • Prop Mgmt Fee: $ 1,200
  • Maintenance: $ 600
  • 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: $ 1,150
  • Rental Holding Period: 4


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