Saint Joseph, MO
$ 49,900 - Buy & Hold
4.0 bd | 1.0 ba | 1,500 sqft | 1926 | $ 975 Rent
IRR
6.54 %
Yield-on-Cost
10.03 %
Cash on Cash
13.44 %
Net Monthly Cashflow
$486
Description
Four bedroom one bath home with good curb appeal and bones. This property has lots of potential! We love the hardwood floors, wood work, fireplace,
Buy & Hold Analysis
- IRR: 6.54 %
- Net Cashflow: $ 5,827
- Rehab Est: $ 30,000
- Cap Rate: 15.96 %
- Monthly Rent: $ 975
- ARV: $ 49,900
- Cash on Cash: 43.65 %
- Taxes: $ 545
Financial Analysis
- Loan Amnt: $ 37,425
- All-in Cost: $ 80,773
- Debt Coverage Ratio: 15.96 %
- Total Out of Pocket: $ 43,348
- Monthly Mortgage: $ 190
Expense Assumptions
- Prop Insurance: $ 399,200
- Vacancy: $ 585
- Prop Mgmt Fee: $ 1,170
- Maintenance: $ 585
- 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: $ 499
- Rental Holding Period: 4