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


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