Davenport, IA


$ 104,900 - Buy & Hold

4.0 bd | 2.0 ba | 1,890 sqft | 1900

IRR
29.47 %
Yield-on-Cost
11.56 %
Cash on Cash
22.05 %
Net Monthly Cashflow
$516

Description

Check out this well maintained fully occupied duplex. Each unit has two bedrooms and one bath. Applianced included! 24-hour notice required.


Buy & Hold Analysis

  • IRR: 29.47 %
  • Net Cashflow: $ 6,187
  • Rehab Est: $ 0
  • Cap Rate: 11.56 %
  • Monthly Rent: $ 0
  • ARV: $ 99,905
  • Cash on Cash: 22.05 %
  • Taxes: $ 1,752

Financial Analysis

  • Loan Amnt: $ 78,675
  • All-in Cost: $ 106,736
  • Debt Coverage Ratio: 11.56 %
  • Total Out of Pocket: $ 28,061
  • Monthly Mortgage: $ 513

Expense Assumptions

  • Prop Insurance: $ 839,200
  • 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: 6.80 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 1,049
  • Rental Holding Period: 4


Contact An Agent About This Property