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SOUTH BEND, IN
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$ 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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