South Bend, IN


$ 39,900 - Buy & Hold

3.0 bd | 1.0 ba | 1,494 sqft | 1903 yr | $ 850 Rent

IRR
19.28 %
Yield-on-Cost
9.97 %
Cash on Cash
12.83 %
Net Monthly Cashflow
$435

Description

Large 3/1 property with hardwood floors that have some potential. This property needs a good amount of rehab, but should cash flow very well!


Buy & Hold Analysis

  • ARV: $115,527
  • Yield-on-Cost: 9.97 %
  • Net Monthly Cashflow: $435
  • Monthly Rent: $850

Financial Analysis

  • Loan Amnt: $ 29,925.00
  • All-in Cost: $ 70,598.25
  • Debt Coverage Ratio: 3.87 %
  • Total Out of Pocket: $ 40,673.25
  • Monthly Mortgage: $ 151.63

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $969
  • Vacancy: $510
  • Capex: $0

Financing Assumptions

  • Down Payment: $9,975
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $299

Other Assumptions

  • Closing Cost: $ 399
  • Rental Holding Period: 4.00


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