730 S 35th St, South Bend, IN


$ 138,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,328 sqft | 1914 yr | $ 1,500 Rent

IRR
22.04 %
Yield-on-Cost
13.72 %
Cash on Cash
16.93 %
Net Monthly Cashflow
$880

Description

Sturdy 3 bed 1 bath home in established neighborhood. Features main level bedroom, 3 season porch, eat in kitchen, main level laundry, all appliances stay. Large walk in closet adjacent to upstairs bedroom. 24 x 20 detached garage with stairway access to large open loft above ; would make he perfect rec room or man cave.


Buy & Hold Analysis

  • ARV: $138,000
  • Yield-on-Cost: 13.72 %
  • Net Monthly Cashflow: $880
  • Monthly Rent: $1,500

Financial Analysis

  • Loan Amnt: $ 26,250.00
  • All-in Cost: $ 88,612.50
  • Debt Coverage Ratio: 7.62 %
  • Total Out of Pocket: $ 62,362.50
  • Monthly Mortgage: $ 133.00

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,710
  • Vacancy: $900
  • Capex: $0

Financing Assumptions

  • Down Payment: $8,750
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $263

Other Assumptions

  • Closing Cost: $ 350
  • Rental Holding Period: 4.00


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