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


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