Saint Joseph, MO
$ 122,400 - Buy & Hold
4.0 bd | 2.0 ba | 1,800 sqft | 1915 yr | $ 1,500 Rent
IRR
24.41 %
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
- ARV: $0
- Yield-on-Cost: 9.57 %
- Net Monthly Cashflow: $557
- Monthly Rent: $1,500
Financial Analysis
- Loan Amnt: $ 96,721.15
- All-in Cost: $ 131,218.36
- Debt Coverage Ratio: 2.14 %
- Total Out of Pocket: $ 34,497.21
- Monthly Mortgage: $ 490.07
Expense Assumptions
- Prop Insurance: $800
- Prop Mgmt Fee: $1,710
- Vacancy: $900
- Capex: $0
Financing Assumptions
- Down Payment: $32,240
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $967
Other Assumptions
- Closing Cost: $ 1,290
- Rental Holding Period: 4.00