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


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