608 Reddick St, Mishawaka, IN


$ 87,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,304 sqft | 1910 yr | $ 875 Rent

IRR
98.78 %
Yield-on-Cost
21.85 %
Cash on Cash
66.05 %
Net Monthly Cashflow
$390

Description

Totally renovated 3/2 home new kitchen, appliances, bathrooms, flooring, paint, roof, plumbing and so much more!


Buy & Hold Analysis

  • ARV: $89,301
  • Yield-on-Cost: 21.85 %
  • Net Monthly Cashflow: $390
  • Monthly Rent: $875

Financial Analysis

  • Loan Amnt: $ 19,875.00
  • All-in Cost: $ 26,963.75
  • Debt Coverage Ratio: 4.87 %
  • Total Out of Pocket: $ 7,088.75
  • Monthly Mortgage: $ 100.70

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $998
  • Vacancy: $525
  • Capex: $0

Financing Assumptions

  • Down Payment: $6,625
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $199

Other Assumptions

  • Closing Cost: $ 265
  • Rental Holding Period: 4.00


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