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


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