Elkhart, IN


$ 90,000 - Buy & Hold

8.0 bd | 4.0 ba | 3,360 sqft | 1914 | $ 1,500 Rent

IRR
49.17 %
Yield-on-Cost
14.10 %
Cash on Cash
36.60 %
Net Monthly Cashflow
$734

Description

Nice cash flow with this Elkhart Duplex. Both units are currently rented and in good condition. Newer furnace. Great property to add to your investment portfolio!


Buy & Hold Analysis

  • IRR: 49.17 %
  • Net Cashflow: $ 8,812
  • Rehab Est: $ 0
  • Cap Rate: 14.10 %
  • Monthly Rent: $ 1,500
  • ARV: $ 90,000
  • Cash on Cash: 36.60 %
  • Taxes: $ 819

Financial Analysis

  • Loan Amnt: $ 67,500
  • All-in Cost: $ 91,575
  • Debt Coverage Ratio: 14.10 %
  • Total Out of Pocket: $ 24,075
  • Monthly Mortgage: $ 342

Expense Assumptions

  • Prop Insurance: $ 720,000
  • Vacancy: $ 1,800
  • Prop Mgmt Fee: $ 1,800
  • Maintenance: $ 900
  • 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: $ 900
  • Rental Holding Period: 4


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