Pine Bluff, AR


$ 85,000 - Buy & Hold

3.0 bd | 1.5 ba | 1,117 sqft | 1971 | $ 850 Rent

IRR
23.09 %
Yield-on-Cost
11.35 %
Cash on Cash
16.51 %
Net Monthly Cashflow
$422

Description

Perfect investment property. This beautiful 3 bed 1.5 is an amazing property. Just need a little love and touch ups. Perfect for a future rental property or something you want to make your own. Natural Gas Hookups, HVAC, Plumbing and Electric are both on property Brand new metal roof added 2022


Buy & Hold Analysis

  • IRR: 23.09 %
  • Net Cashflow: $ 3,015
  • Rehab Est: $ 20,000
  • Cap Rate: 7.97 %
  • Monthly Rent: $ 850
  • ARV: $ 0
  • Cash on Cash: 13.26 %
  • Taxes: $ 545

Financial Analysis

  • Loan Amnt: $ 30,000
  • All-in Cost: $ 60,700
  • Debt Coverage Ratio: 7.97 %
  • Total Out of Pocket: $ 30,700
  • Monthly Mortgage: $ 152

Expense Assumptions

  • Prop Insurance: $ 680,000
  • Vacancy: $ 510
  • Prop Mgmt Fee: $ 1,020
  • Maintenance: $ 510
  • 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: $ 850
  • Rental Holding Period: 4


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