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


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