SOUTH BEND, IN


$ 26,900 - Buy & Hold

3.0 bd | 1.5 ba | 1,311 sqft | 1923 yr | $ 895 Rent

IRR
0.00 %
Yield-on-Cost
11.13 %
Cash on Cash
13.29 %
Net Monthly Cashflow
$523

Description

Investor Alert! Check out this home at a great price with a ton of potential for the right buyer. Home needs some work, but with some updates could be a great addition to your rental portfolio, low cost home to live in, or fix it & resell it. Seller will only consider cash, AS-IS offers from buyers ready to close quickly. Highest and best cash offers are due by Thursday, July 14, at 5pm. Buyer/buyer's agent to verify room dimensions, SF, and schools. Check it out today so you don't miss this great opportunity!


Buy & Hold Analysis

  • ARV: $26,900
  • Yield-on-Cost: 11.13 %
  • Net Monthly Cashflow: $523
  • Monthly Rent: $895

Financial Analysis

  • Loan Amnt: $ 20,175.00
  • All-in Cost: $ 67,370.75
  • Debt Coverage Ratio: 6.11 %
  • Total Out of Pocket: $ 47,195.75
  • Monthly Mortgage: $ 102.22

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,020
  • Vacancy: $537
  • Capex: $0

Financing Assumptions

  • Down Payment: $6,725
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $202

Other Assumptions

  • Closing Cost: $ 269
  • Rental Holding Period: 4.00


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