Wichita, KS
$ 99,500 - Buy & Hold
2.0 bd | 1.0 ba | 1,140 sqft | 1921 | $ 900 Rent
IRR
69.15 %
Yield-on-Cost
18.18 %
Cash on Cash
47.90 %
Net Monthly Cashflow
$427
Description
Fantastic potential with this Arts and Crafts home with amazing moldings, arches, built ins, and hardwood floors! Great buy and hold rental or potential flip.
Buy & Hold Analysis
- IRR: 69.15 %
- Net Cashflow: $ 1,741
- Rehab Est: $ 0
- Cap Rate: 7.31 %
- Monthly Rent: $ 900
- ARV: $ 88,082
- Cash on Cash: 6.54 %
- Taxes: $ 520
Financial Analysis
- Loan Amnt: $ 30,000
- All-in Cost: $ 40,700
- Debt Coverage Ratio: 7.31 %
- Total Out of Pocket: $ 10,700
- Monthly Mortgage: $ 190
Expense Assumptions
- Prop Insurance: $ 796,000
- Vacancy: $ 540
- Prop Mgmt Fee: $ 1,080
- Maintenance: $ 540
- Capex: $ 0
Financing Assumptions
- Cash Purchase: No
- Loan Term: 360 months
- Down Payment: 25.00 %
- Points: 1.00
- Interest Rate: 6.50 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 995
- Rental Holding Period: 4