Wichita, KS


$ 80,000 - Buy & Hold

2.0 bd | 2.0 ba | 1,295 sqft | 1946 | $ 900 Rent

IRR
23.03 %
Yield-on-Cost
8.92 %
Cash on Cash
16.88 %
Net Monthly Cashflow
$301

Description


Buy & Hold Analysis

  • IRR: 23.03 %
  • Net Cashflow: $ 3,612
  • Rehab Est: $ 0
  • Cap Rate: 8.92 %
  • Monthly Rent: $ 900
  • ARV: $ 80,000
  • Cash on Cash: 16.88 %
  • Taxes: $ 661

Financial Analysis

  • Loan Amnt: $ 60,000
  • All-in Cost: $ 81,400
  • Debt Coverage Ratio: 8.92 %
  • Total Out of Pocket: $ 21,400
  • Monthly Mortgage: $ 304

Expense Assumptions

  • Prop Insurance: $ 640,000
  • 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: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 800
  • Rental Holding Period: 4


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