945 Lincolnway E, Mishawaka, IN


$ 186,000 - Buy & Hold

5.0 bd | 3.0 ba | 2,200 sqft | 1900 yr | $ 2,340 Rent

IRR
45.08 %
Yield-on-Cost
16.48 %
Cash on Cash
33.02 %
Net Monthly Cashflow
$1,272

Description

This is very nice one bedroom and one bath apartment. Locate in nice and very convenient location. Just remodel and upgrade. is available now see pictures.

Owner Pay water and gas


Buy & Hold Analysis

  • ARV: $190,000
  • Yield-on-Cost: 16.48 %
  • Net Monthly Cashflow: $1,272
  • Monthly Rent: $2,340

Financial Analysis

  • Loan Amnt: $ 73,500.00
  • All-in Cost: $ 119,715.00
  • Debt Coverage Ratio: 4.42 %
  • Total Out of Pocket: $ 46,215.00
  • Monthly Mortgage: $ 372.41

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $2,668
  • Vacancy: $1,404
  • Capex: $0

Financing Assumptions

  • Down Payment: $24,500
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $735

Other Assumptions

  • Closing Cost: $ 980
  • Rental Holding Period: 4.00


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