Topeka, KS


$ 78,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,738 sqft | 1931 | $ 950 Rent

IRR
14.91 %
Yield-on-Cost
8.01 %
Cash on Cash
9.54 %
Net Monthly Cashflow
$229

Description

Great opportunity to turn this 2 story charmer into your own! Priced below county appraisal and located near the desirable Potwin subdivision, now is your time to build sweat equity and take advantage of this investment opportunity!


Buy & Hold Analysis

  • IRR: 14.91 %
  • Net Cashflow: $ 2,752
  • Rehab Est: $ 8,000
  • Cap Rate: 8.82 %
  • Monthly Rent: $ 950
  • ARV: $ 95,000
  • Cash on Cash: 13.19 %
  • Taxes: $ 1,408

Financial Analysis

  • Loan Amnt: $ 58,500
  • All-in Cost: $ 87,365
  • Debt Coverage Ratio: 8.82 %
  • Total Out of Pocket: $ 28,865
  • Monthly Mortgage: $ 354

Expense Assumptions

  • Prop Insurance: $ 624,000
  • 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: 6.08 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 780
  • Rental Holding Period: 4


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