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


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