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