Pine Bluff, AR


$ 500,000 - Buy & Hold

18.0 bd | 17.0 ba | 26,928 sqft | 1979

IRR
44.09 %
Yield-on-Cost
15.31 %
Cash on Cash
33.59 %
Net Monthly Cashflow
$4,770

Description

Amazing Multi Family Value Add opportunity! 17 total units with (4) 2 Br 1 BA and (13) 1 BR 1 BA apartments. (7) Units have been fully renovated! Don't miss out on this property with tremendous potential! Owner Financing is available for a qualified buyer! Verify whether the 10 units are instead actually studios as the pictures appear. Property appears to be converted hotel.


Buy & Hold Analysis

  • IRR: 44.09 %
  • Net Cashflow: $ 54,956
  • Rehab Est: $ 50,000
  • Cap Rate: 15.28 %
  • Monthly Rent: $ 0
  • ARV: $ 500,000
  • Cash on Cash: 41.09 %
  • Taxes: $ 3,808

Financial Analysis

  • Loan Amnt: $ 337,500
  • All-in Cost: $ 507,875
  • Debt Coverage Ratio: 15.28 %
  • Total Out of Pocket: $ 170,375
  • Monthly Mortgage: $ 1,710

Expense Assumptions

  • Prop Insurance: $ 4,000,000
  • Vacancy: $ 0
  • Prop Mgmt Fee: $ 0
  • Maintenance: $ 0
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 5,000
  • Rental Holding Period: 4


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