Saint Joseph, MO
$ 104,000 - Buy & Hold
3.0 bd | 1.0 ba | 1,056 sqft | 1917 yr | $ 950 Rent
IRR
13.99 %
Yield-on-Cost
6.72 %
Cash on Cash
8.51 %
Net Monthly Cashflow
$206
Description
Fabulous renovation, ready for the best tenants who want to live in a spectacular home. Three bedrooms and a bath, a wonderful front porch, and back deck with fenced yard. New flooring, paint, kitchen, stainless appliances.
Buy & Hold Analysis
- ARV: $119,698
- Yield-on-Cost: 6.72 %
- Net Monthly Cashflow: $206
- Monthly Rent: $950
Financial Analysis
- Loan Amnt: $ 81,375.00
- All-in Cost: $ 110,398.75
- Debt Coverage Ratio: 1.50 %
- Total Out of Pocket: $ 29,023.75
- Monthly Mortgage: $ 412.32
Expense Assumptions
- Prop Insurance: $800
- Prop Mgmt Fee: $1,083
- Vacancy: $570
- Capex: $0
Financing Assumptions
- Down Payment: $27,125
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $814
Other Assumptions
- Closing Cost: $ 1,085
- Rental Holding Period: 4.00