Elkhart, IN


$ 90,000 - Buy & Hold

8.0 bd | 4.0 ba | 3,360 sqft | 1914 yr | $ 750 Rent

IRR
51.19 %
Yield-on-Cost
14.52 %
Cash on Cash
38.19 %
Net Monthly Cashflow
$766

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

  • ARV: $90,000
  • Yield-on-Cost: 14.52 %
  • Net Monthly Cashflow: $766
  • Monthly Rent: $750

Financial Analysis

  • Loan Amnt: $ 67,500.00
  • All-in Cost: $ 91,575.00
  • Debt Coverage Ratio: 3.24 %
  • Total Out of Pocket: $ 24,075.00
  • Monthly Mortgage: $ 342.01

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,755
  • Vacancy: $450
  • Capex: $0

Financing Assumptions

  • Down Payment: $22,500
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $675

Other Assumptions

  • Closing Cost: $ 900
  • Rental Holding Period: 4.00


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