South Bend, IN


$ 97,900 - Buy & Hold

3.0 bd | 1.0 ba | 944 sqft | 1920 yr | $ 900 Rent

IRR
12.55 %
Yield-on-Cost
6.97 %
Cash on Cash
9.46 %
Net Monthly Cashflow
$206

Description

LOT 242 MAYRS MICHIGAN AVE ADD


Buy & Hold Analysis

  • ARV: $97,900
  • Yield-on-Cost: 6.97 %
  • Net Monthly Cashflow: $206
  • Monthly Rent: $900

Financial Analysis

  • Loan Amnt: $ 73,425.00
  • All-in Cost: $ 99,613.25
  • Debt Coverage Ratio: 1.55 %
  • Total Out of Pocket: $ 26,188.25
  • Monthly Mortgage: $ 372.03

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,026
  • Vacancy: $540
  • Capex: $0

Financing Assumptions

  • Down Payment: $24,475
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $734

Other Assumptions

  • Closing Cost: $ 979
  • Rental Holding Period: 4.00


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