SOUTH BEND, IN


$ 26,900 - Buy & Hold

3.0 bd | 1.5 ba | 1,311 sqft | 1923 | $ 895 Rent

IRR
0.00 %
Yield-on-Cost
10.36 %
Cash on Cash
12.01 %
Net Monthly Cashflow
$523

Description

Investor Alert! Check out this home at a great price with a ton of potential for the right buyer. Home needs some work, but with some updates could be a great addition to your rental portfolio, low cost home to live in, or fix it & resell it.


Buy & Hold Analysis

  • IRR: 0.00 %
  • Net Cashflow: $ 3,165
  • Rehab Est: $ 45,000
  • Cap Rate: 7.76 %
  • Monthly Rent: $ 895
  • ARV: $ 26,900
  • Cash on Cash: 12.46 %
  • Taxes: $ 375

Financial Analysis

  • Loan Amnt: $ 20,175
  • All-in Cost: $ 72,371
  • Debt Coverage Ratio: 7.76 %
  • Total Out of Pocket: $ 52,196
  • Monthly Mortgage: $ 102

Expense Assumptions

  • Prop Insurance: $ 215,200
  • Vacancy: $ 537
  • Prop Mgmt Fee: $ 1,074
  • Maintenance: $ 537
  • 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: $ 269
  • Rental Holding Period: 4


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