Saint Joseph, MO


$ 130,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,675 sqft | 1881 yr | $ 1,050 Rent

IRR
17.67 %
Yield-on-Cost
7.24 %
Cash on Cash
10.48 %
Net Monthly Cashflow
$257

Description

Victorian home great curb appeal, kitchen renovation looks to be in progress, need some doors on top cabinets, refinish hardwood floors, paint the interior, do some landscaping. Seller paid less than $99,000 so I would offer lower on this one, like $105,000.


Buy & Hold Analysis

  • ARV: $130,000
  • Yield-on-Cost: 7.24 %
  • Net Monthly Cashflow: $257
  • Monthly Rent: $1,050

Financial Analysis

  • Loan Amnt: $ 82,500.00
  • All-in Cost: $ 111,925.00
  • Debt Coverage Ratio: 1.61 %
  • Total Out of Pocket: $ 29,425.00
  • Monthly Mortgage: $ 418.02

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,197
  • Vacancy: $630
  • Capex: $0

Financing Assumptions

  • Down Payment: $27,500
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $825

Other Assumptions

  • Closing Cost: $ 1,100
  • Rental Holding Period: 4.00


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