Saint Joseph, MO


$ 122,400 - Buy & Hold

4.0 bd | 2.0 ba | 1,800 sqft | 1915 | $ 1,500 Rent

IRR
25.34 %
Yield-on-Cost
9.57 %
Cash on Cash
19.37 %
Net Monthly Cashflow
$557

Description

Duplex with updated windows and vinyl siding. 2/ 1 per side, interior paint, flooring and lighting updates could make this a great property.


Buy & Hold Analysis

  • IRR: 25.34 %
  • Net Cashflow: $ 6,980
  • Rehab Est: $ 0
  • Cap Rate: 10.09 %
  • Monthly Rent: $ 1,500
  • ARV: $ 0
  • Cash on Cash: 21.32 %
  • Taxes: $ 1,174

Financial Analysis

  • Loan Amnt: $ 96,721
  • All-in Cost: $ 131,218
  • Debt Coverage Ratio: 10.09 %
  • Total Out of Pocket: $ 34,497
  • Monthly Mortgage: $ 490

Expense Assumptions

  • Prop Insurance: $ 979,200
  • Vacancy: $ 900
  • Prop Mgmt Fee: $ 1,800
  • Maintenance: $ 900
  • 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: $ 1,224
  • Rental Holding Period: 4


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