Moline, IL
$ 75,000 - Buy & Hold
8.0 bd | 4.0 ba | 3,988 sqft | 1911
IRR
67.26 %
Yield-on-Cost
17.08 %
Cash on Cash
47.91 %
Net Monthly Cashflow
$801
Description
Up/Down Duplex. Located blocks from the 74 Bridge. Showings subject to tenants rights. Owner is Realtor licensed in Iowa
Buy & Hold Analysis
- IRR: 67.26 %
- Net Cashflow: $ 9,611
- Rehab Est: $ 0
- Cap Rate: 17.08 %
- Monthly Rent: $ 0
- ARV: $ 108,929
- Cash on Cash: 47.91 %
- Taxes: $ 1,673
Financial Analysis
- Loan Amnt: $ 56,250
- All-in Cost: $ 76,313
- Debt Coverage Ratio: 17.08 %
- Total Out of Pocket: $ 20,063
- Monthly Mortgage: $ 285
Expense Assumptions
- Prop Insurance: $ 600,000
- Vacancy: $ 0
- Prop Mgmt Fee: $ 0
- Maintenance: $ 0
- 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: $ 750
- Rental Holding Period: 4