SOUTH BEND, IN
$ 118,000 - Buy & Hold
4.0 bd | 1.0 ba | 1,500 sqft | 1897 yr | $ 950 Rent
IRR
25.41 %
Yield-on-Cost
12.02 %
Cash on Cash
17.02 %
Net Monthly Cashflow
$506
Description
LOT 13 HOLLOWELL & SMITHS SUB OF LOT 7 K & M ADD
Buy & Hold Analysis
- ARV: $120,000
- Yield-on-Cost: 12.02 %
- Net Monthly Cashflow: $506
- Monthly Rent: $950
Financial Analysis
- Loan Amnt: $ 30,000.00
- All-in Cost: $ 65,700.00
- Debt Coverage Ratio: 4.33 %
- Total Out of Pocket: $ 35,700.00
- Monthly Mortgage: $ 152.01
Expense Assumptions
- Prop Insurance: $800
- Prop Mgmt Fee: $1,083
- Vacancy: $570
- Capex: $0
Financing Assumptions
- Down Payment: $10,000
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $300
Other Assumptions
- Closing Cost: $ 400
- Rental Holding Period: 4.00