South Bend, IN


$ 155,000 - Buy & Hold

4.0 bd | 2.0 ba | 2,104 sqft | 1922 yr | $ 850 Rent

IRR
22.39 %
Yield-on-Cost
9.83 %
Cash on Cash
16.37 %
Net Monthly Cashflow
$566

Description

This duplex is 2/1 up and 2/1 down and bringing in $1,700 per month in rents. ROITK acquired it and got the rents up and we are in the process of painting the interior of the upstairs unit, doing some new LVP and repairing soffits and fascia and painting them as well as the windows on the exterior.


Buy & Hold Analysis

  • ARV: $160,000
  • Yield-on-Cost: 9.83 %
  • Net Monthly Cashflow: $566
  • Monthly Rent: $850

Financial Analysis

  • Loan Amnt: $ 116,250.00
  • All-in Cost: $ 157,712.50
  • Debt Coverage Ratio: 1.78 %
  • Total Out of Pocket: $ 41,462.50
  • Monthly Mortgage: $ 726.56

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,989
  • Vacancy: $510
  • Capex: $0

Financing Assumptions

  • Down Payment: $38,750
  • Interest Rate: 7.50 %
  • Loan Term Months: 360.00
  • Points: $1,163

Other Assumptions

  • Closing Cost: $ 1,550
  • Rental Holding Period: 4.00


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