Saint Joseph, MO


$ 105,000 - Buy & Hold

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

IRR
14.93 %
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

  • IRR: 14.93 %
  • Net Cashflow: $ 2,841
  • Rehab Est: $ 0
  • Cap Rate: 7.14 %
  • Monthly Rent: $ 975
  • ARV: $ 105,000
  • Cash on Cash: 10.12 %
  • Taxes: $ 1,018

Financial Analysis

  • Loan Amnt: $ 78,750
  • All-in Cost: $ 106,838
  • Debt Coverage Ratio: 7.14 %
  • Total Out of Pocket: $ 28,088
  • Monthly Mortgage: $ 399

Expense Assumptions

  • Prop Insurance: $ 840,000
  • Vacancy: $ 585
  • Prop Mgmt Fee: $ 1,170
  • Maintenance: $ 585
  • 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: $ 1,050
  • Rental Holding Period: 4


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