Topeka, KS
$ 69,900 - Buy & Hold
3.0 bd | 1.0 ba | 1,178 sqft | 1931 | $ 950 Rent
IRR
34.15 %
Yield-on-Cost
10.13 %
Cash on Cash
21.50 %
Net Monthly Cashflow
$335
Description
Great three bedroom one bath house, charming arts and crafts bungalow, paint flooring, new kitchen countertops and appliances would make this move in ready pretty quickly.
Buy & Hold Analysis
- IRR: 34.15 %
- Net Cashflow: $ 3,792
- Rehab Est: $ 0
- Cap Rate: 9.46 %
- Monthly Rent: $ 950
- ARV: $ 107,655
- Cash on Cash: 18.92 %
- Taxes: $ 1,198
Financial Analysis
- Loan Amnt: $ 52,425
- All-in Cost: $ 71,123
- Debt Coverage Ratio: 9.46 %
- Total Out of Pocket: $ 18,698
- Monthly Mortgage: $ 266
Expense Assumptions
- Prop Insurance: $ 559,200
- Vacancy: $ 570
- Prop Mgmt Fee: $ 1,140
- Maintenance: $ 570
- 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: $ 699
- Rental Holding Period: 4