SAINT JOSEPH, MO


$ 60,000 - Buy & Hold

4.0 bd | 4.0 ba | 2,900 sqft | 1917 yr | $ 500 Rent

IRR
70.61 %
Yield-on-Cost
17.79 %
Cash on Cash
51.22 %
Net Monthly Cashflow
$1,178

Description

Fourplex located a block or two from a very good area. New windows and doors, vinyl plank flooring. This has the potential for outstanding cash flow!


Buy & Hold Analysis

  • ARV: $60,000
  • Yield-on-Cost: 17.79 %
  • Net Monthly Cashflow: $1,178
  • Monthly Rent: $500

Financial Analysis

  • Loan Amnt: $ 78,750.00
  • All-in Cost: $ 106,337.50
  • Debt Coverage Ratio: 3.95 %
  • Total Out of Pocket: $ 27,587.50
  • Monthly Mortgage: $ 399.01

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $2,370
  • Vacancy: $300
  • Capex: $0

Financing Assumptions

  • Down Payment: $26,250
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $788

Other Assumptions

  • Closing Cost: $ 550
  • Rental Holding Period: 4.00


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