Wichita, KS


$ 60,000 - Buy & Hold

4.0 bd | 4.0 ba | 2,112 sqft | 1942

IRR
20.73 %
Yield-on-Cost
12.40 %
Cash on Cash
20.28 %
Net Monthly Cashflow
$609

Description

W 59.2 FT LOT 1 BLOCK 2 PURCELL'S 2ND. ADD.


Buy & Hold Analysis

  • IRR: 20.73 %
  • Net Cashflow: $ 5,488
  • Rehab Est: $ 20,000
  • Cap Rate: 9.88 %
  • Monthly Rent: $ 0
  • ARV: $ 0
  • Cash on Cash: 20.52 %
  • Taxes: $ 780

Financial Analysis

  • Loan Amnt: $ 45,000
  • All-in Cost: $ 81,050
  • Debt Coverage Ratio: 9.88 %
  • Total Out of Pocket: $ 36,050
  • Monthly Mortgage: $ 228

Expense Assumptions

  • Prop Insurance: $ 480,000
  • 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: $ 600
  • Rental Holding Period: 4


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