Pine Bluff, AR


$ 158,000 - Buy & Hold

4.0 bd | 2.0 ba | 1,486 sqft | 1972 yr | $ 1,350 Rent

IRR
12.75 %
Yield-on-Cost
7.01 %
Cash on Cash
9.62 %
Net Monthly Cashflow
$339

Description

Fantastic renovation on this 4/2 brick home with 1,486 square feet this home is spectacular! Featuring new kitchen cabinets, granite, stainless steel appliances, high end vanities, granite and custom tile in the bathrooms, new paint, lighting and so much more! This property will be in high demand with the most qualified tenants, who want a premium lifestyle!


Buy & Hold Analysis

  • ARV: $158,000
  • Yield-on-Cost: 7.01 %
  • Net Monthly Cashflow: $339
  • Monthly Rent: $1,350

Financial Analysis

  • Loan Amnt: $ 118,500.00
  • All-in Cost: $ 160,765.00
  • Debt Coverage Ratio: 1.56 %
  • Total Out of Pocket: $ 42,265.00
  • Monthly Mortgage: $ 600.42

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,539
  • Vacancy: $810
  • Capex: $0

Financing Assumptions

  • Down Payment: $39,500
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $1,185

Other Assumptions

  • Closing Cost: $ 1,580
  • Rental Holding Period: 4.00


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