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