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