Pine Bluff, AR


$ 500,000 - Buy & Hold

18.0 bd | 17.0 ba | 26,928 sqft | 1979 yr | $ 8,500 Rent

IRR
43.78 %
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

  • ARV: $500,000
  • Yield-on-Cost: 15.31 %
  • Net Monthly Cashflow: $4,770
  • Monthly Rent: $8,500

Financial Analysis

  • Loan Amnt: $ 337,500.00
  • All-in Cost: $ 507,875.00
  • Debt Coverage Ratio: 3.79 %
  • Total Out of Pocket: $ 170,375.00
  • Monthly Mortgage: $ 1,710.06

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $9,690
  • Vacancy: $5,100
  • Capex: $0

Financing Assumptions

  • Down Payment: $112,500
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $3,375

Other Assumptions

  • Closing Cost: $ 4,500
  • Rental Holding Period: 4.00


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