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


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