Saint Joseph, MO


$ 105,000 - Buy & Hold

3.0 bd | 1.5 ba | 1,662 sqft | 1915 yr | $ 975 Rent

IRR
13.37 %
Yield-on-Cost
7.14 %
Cash on Cash
10.12 %
Net Monthly Cashflow
$237

Description

Wouldn't have to do anything, just move in! Nice hardwood floors, updated kitchen, stainless appliances. With 3 big bedrooms, 1.5 baths and a fenced in backyard this home is ready for a family or a single person looking for room to grow. All appliances stay with the property and kitchen has been partially updated. This home does have off street parking so no need to park in the street


Buy & Hold Analysis

  • ARV: $105,000
  • Yield-on-Cost: 7.14 %
  • Net Monthly Cashflow: $237
  • Monthly Rent: $975

Financial Analysis

  • Loan Amnt: $ 78,750.00
  • All-in Cost: $ 106,837.50
  • Debt Coverage Ratio: 1.59 %
  • Total Out of Pocket: $ 28,087.50
  • Monthly Mortgage: $ 399.01

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,112
  • Vacancy: $585
  • Capex: $0

Financing Assumptions

  • Down Payment: $26,250
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $788

Other Assumptions

  • Closing Cost: $ 1,050
  • Rental Holding Period: 4.00


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