Moline, IL
$ 69,900 - Buy & Hold
4.0 bd | 2.0 ba | 1,583 sqft | 1900 | $ 850 Rent
IRR
20.45 %
Yield-on-Cost
8.10 %
Cash on Cash
13.75 %
Net Monthly Cashflow
$215
Description
This 4 bedroom 2 bath 1 1/2 story is located in the heart of Moline. Main level features a full bath, main level bedroom, living room & eat in kitchen. Upper level features full bath with huge walk in closet & 3 nice size bedrooms. Main level has new flooring. Would also make a great investment property.
Buy & Hold Analysis
- IRR: 20.45 %
- Net Cashflow: $ 2,579
- Rehab Est: $ 0
- Cap Rate: 8.11 %
- Monthly Rent: $ 850
- ARV: $ 74,531
- Cash on Cash: 13.79 %
- Taxes: $ 1,670
Financial Analysis
- Loan Amnt: $ 52,493
- All-in Cost: $ 71,215
- Debt Coverage Ratio: 8.11 %
- Total Out of Pocket: $ 18,722
- Monthly Mortgage: $ 266
Expense Assumptions
- Prop Insurance: $ 559,200
- 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: $ 699
- Rental Holding Period: 4