Saint Joseph, MO


$ 120,000 - Buy & Hold

7.0 bd | 3.0 ba | 4,305 sqft | 1900 yr | $ 800 Rent

IRR
33.06 %
Yield-on-Cost
11.50 %
Cash on Cash
26.80 %
Net Monthly Cashflow
$889

Description

Fantastic triplex, two three bedroom units and a one bedroom unit. One unit has been renovated nicely with new carpet, paint, flooring, updated kitchen and new stainless appliances. The roof was redone in 2018. The tenants pay gas and electric. Verify rents as these rents are for illustrative purposes only.


Buy & Hold Analysis

  • ARV: $120,000
  • Yield-on-Cost: 11.50 %
  • Net Monthly Cashflow: $889
  • Monthly Rent: $800

Financial Analysis

  • Loan Amnt: $ 112,500.00
  • All-in Cost: $ 152,325.00
  • Debt Coverage Ratio: 2.56 %
  • Total Out of Pocket: $ 39,825.00
  • Monthly Mortgage: $ 570.02

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $2,592
  • Vacancy: $480
  • Capex: $0

Financing Assumptions

  • Down Payment: $37,500
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $1,125

Other Assumptions

  • Closing Cost: $ 1,200
  • Rental Holding Period: 4.00


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