SOUTH BEND, IN
$ 118,000 - Buy & Hold
4.0 bd | 1.0 ba | 1,500 sqft | 1897 | $ 950 Rent
IRR
26.08 %
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
- IRR: 26.08 %
- Net Cashflow: $ 6,029
- Rehab Est: $ 25,000
- Cap Rate: 18.93 %
- Monthly Rent: $ 950
- ARV: $ 120,000
- Cash on Cash: 54.97 %
- Taxes: $ 507
Financial Analysis
- Loan Amnt: $ 30,000
- All-in Cost: $ 65,700
- Debt Coverage Ratio: 18.93 %
- Total Out of Pocket: $ 35,700
- Monthly Mortgage: $ 152
Expense Assumptions
- Prop Insurance: $ 944,000
- 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: 4.50 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 1,180
- Rental Holding Period: 4