Elkhart, IN


$ 79,900 - Buy & Hold

3.0 bd | 1.0 ba | 1,164 sqft | 1861 yr | $ 850 Rent

IRR
10.75 %
Yield-on-Cost
7.60 %
Cash on Cash
10.81 %
Net Monthly Cashflow
$255

Description

Three or four bedroom home with fenced yard and a garage. New exterior paint, some newer renovations in the last two years. Bathroom has updated toilet and vanity, flooring fairly new. I would paint the interior, put a few newer upper cabinets in and paint them trendy color with new hardware.


Buy & Hold Analysis

  • ARV: $79,900
  • Yield-on-Cost: 7.60 %
  • Net Monthly Cashflow: $255
  • Monthly Rent: $850

Financial Analysis

  • Loan Amnt: $ 59,925.00
  • All-in Cost: $ 88,298.25
  • Debt Coverage Ratio: 1.84 %
  • Total Out of Pocket: $ 28,373.25
  • Monthly Mortgage: $ 303.63

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $969
  • Vacancy: $510
  • Capex: $0

Financing Assumptions

  • Down Payment: $19,975
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $599

Other Assumptions

  • Closing Cost: $ 799
  • Rental Holding Period: 4.00


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