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