PINE BLUFF, AR
$ 70,000 - Buy & Hold
3.0 bd | 2.0 ba | 1,503 sqft | 1953 yr | $ 850 Rent
IRR
33.17 %
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
- ARV: $95,040
- Yield-on-Cost: 10.44 %
- Net Monthly Cashflow: $354
- Monthly Rent: $850
Financial Analysis
- Loan Amnt: $ 52,500.00
- All-in Cost: $ 71,225.00
- Debt Coverage Ratio: 2.33 %
- Total Out of Pocket: $ 18,725.00
- Monthly Mortgage: $ 266.01
Expense Assumptions
- Prop Insurance: $800
- Prop Mgmt Fee: $969
- Vacancy: $510
- Capex: $0
Financing Assumptions
- Down Payment: $17,500
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $525
Other Assumptions
- Closing Cost: $ 700
- Rental Holding Period: 4.00