PINE BLUFF, AR
$ 70,000 - Buy & Hold
3.0 bd | 2.0 ba | 1,503 sqft | 1953 | $ 850 Rent
IRR
33.89 %
Yield-on-Cost
10.44 %
Cash on Cash
22.67 %
Net Monthly Cashflow
$354
Description
Nice home with lots of potential, great for first time homebuyers and investors. Additional lot is being sold with the property.
Buy & Hold Analysis
- IRR: 33.89 %
- Net Cashflow: $ 4,244
- Rehab Est: $ 0
- Cap Rate: 10.44 %
- Monthly Rent: $ 850
- ARV: $ 95,040
- Cash on Cash: 22.67 %
- Taxes: $ 0
Financial Analysis
- Loan Amnt: $ 52,500
- All-in Cost: $ 71,225
- Debt Coverage Ratio: 10.44 %
- Total Out of Pocket: $ 18,725
- Monthly Mortgage: $ 266
Expense Assumptions
- Prop Insurance: $ 560,000
- Vacancy: $ 510
- Prop Mgmt Fee: $ 1,020
- Maintenance: $ 510
- 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: $ 700
- Rental Holding Period: 4