Saint Joseph, MO
$ 104,000 - Buy & Hold
3.0 bd | 1.0 ba | 1,056 sqft | 1917 | $ 950 Rent
IRR
11.67 %
Yield-on-Cost
6.72 %
Cash on Cash
4.29 %
Net Monthly Cashflow
$104
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
- IRR: 11.67 %
- Net Cashflow: $ 1,502
- Rehab Est: $ 0
- Cap Rate: 7.01 %
- Monthly Rent: $ 950
- ARV: $ 119,698
- Cash on Cash: 5.40 %
- Taxes: $ 987
Financial Analysis
- Loan Amnt: $ 81,375
- All-in Cost: $ 110,399
- Debt Coverage Ratio: 7.01 %
- Total Out of Pocket: $ 29,024
- Monthly Mortgage: $ 514
Expense Assumptions
- Prop Insurance: $ 832,000
- Vacancy: $ 570
- Prop Mgmt Fee: $ 1,140
- Maintenance: $ 570
- Capex: $ 0
Financing Assumptions
- Cash Purchase: No
- Loan Term: 360 months
- Down Payment: 25.00 %
- Points: 1.00
- Interest Rate: 6.50 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 1,040
- Rental Holding Period: 4