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