1021 Princeton Boulevard, ELKHART, IN


$ 114,900 - Buy & Hold

6.0 bd | 3.0 ba | 1,882 sqft | 1900 yr | $ 1,425 Rent

IRR
59.08 %
Yield-on-Cost
17.53 %
Cash on Cash
42.72 %
Net Monthly Cashflow
$826

Description

Fantastic duplex in great shape and with consistent long term tenants. Back unit is renovated very nicely and front unit is in fair condition as well.


Buy & Hold Analysis

  • ARV: $115,000
  • Yield-on-Cost: 17.53 %
  • Net Monthly Cashflow: $826
  • Monthly Rent: $1,425

Financial Analysis

  • Loan Amnt: $ 51,000.00
  • All-in Cost: $ 74,190.00
  • Debt Coverage Ratio: 4.19 %
  • Total Out of Pocket: $ 23,190.00
  • Monthly Mortgage: $ 258.41

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,625
  • Vacancy: $855
  • Capex: $0

Financing Assumptions

  • Down Payment: $17,000
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $510

Other Assumptions

  • Closing Cost: $ 680
  • Rental Holding Period: 4.00


Contact An Agent About This Property