SAINT JOSEPH, MO


$ 49,104 - Buy & Hold

3.0 bd | 2.0 ba | 744 sqft | 1902 yr | $ 850 Rent

IRR
16.16 %
Yield-on-Cost
9.07 %
Cash on Cash
12.63 %
Net Monthly Cashflow
$367

Description

With a little TLC this can be your dream home, this 3 bedroom 2 1/2 bathroom home is being sold a is. Inspections are welcome but the seller will make no repairs. Square footage is from the county and did not separate lower level and upper level. Furnace was installed in the last year, hot water heater is 4 years old. The kitchen refrigerator and a dryer in the basement are staying with the home. There is no AC in the home.


Buy & Hold Analysis

  • ARV: $90,000
  • Yield-on-Cost: 9.07 %
  • Net Monthly Cashflow: $367
  • Monthly Rent: $850

Financial Analysis

  • Loan Amnt: $ 41,618.12
  • All-in Cost: $ 76,461.91
  • Debt Coverage Ratio: 2.74 %
  • Total Out of Pocket: $ 34,843.79
  • Monthly Mortgage: $ 210.87

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $969
  • Vacancy: $510
  • Capex: $0

Financing Assumptions

  • Down Payment: $13,873
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $416

Other Assumptions

  • Closing Cost: $ 555
  • Rental Holding Period: 4.00


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