PINE BLUFF, AR


$ 40,000 - Buy & Hold

2.0 bd | 1.0 ba | 640 sqft | 1944 | $ 700 Rent

IRR
30.01 %
Yield-on-Cost
19.11 %
Cash on Cash
23.42 %
Net Monthly Cashflow
$443

Description

Two bedroom one bath 640 square foot home built in 1944.


Buy & Hold Analysis

  • IRR: 30.01 %
  • Net Cashflow: $ 3,942
  • Rehab Est: $ 20,000
  • Cap Rate: 14.17 %
  • Monthly Rent: $ 700
  • ARV: $ 45,382
  • Cash on Cash: 36.84 %
  • Taxes: $ 217

Financial Analysis

  • Loan Amnt: $ 7,500
  • All-in Cost: $ 30,175
  • Debt Coverage Ratio: 14.17 %
  • Total Out of Pocket: $ 22,675
  • Monthly Mortgage: $ 38

Expense Assumptions

  • Prop Insurance: $ 320,000
  • Vacancy: $ 420
  • Prop Mgmt Fee: $ 840
  • Maintenance: $ 420
  • 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: $ 400
  • Rental Holding Period: 4


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