Wichita, KS
$ 99,500 - Buy & Hold
2.0 bd | 1.0 ba | 1,140 sqft | 1921 yr | $ 900 Rent
IRR
74.84 %
Yield-on-Cost
18.18 %
Cash on Cash
52.12 %
Net Monthly Cashflow
$465
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
- ARV: $88,082
- Yield-on-Cost: 18.18 %
- Net Monthly Cashflow: $465
- Monthly Rent: $900
Financial Analysis
- Loan Amnt: $ 30,000.00
- All-in Cost: $ 40,700.00
- Debt Coverage Ratio: 4.06 %
- Total Out of Pocket: $ 10,700.00
- Monthly Mortgage: $ 152.01
Expense Assumptions
- Prop Insurance: $800
- Prop Mgmt Fee: $1,026
- Vacancy: $540
- Capex: $0
Financing Assumptions
- Down Payment: $10,000
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $300
Other Assumptions
- Closing Cost: $ 400
- Rental Holding Period: 4.00