Moline, IL
$ 57,900 - Buy & Hold
3.0 bd | 1.0 ba | 1,400 sqft | 1920 | $ 850 Rent
IRR
42.88 %
Yield-on-Cost
10.43 %
Cash on Cash
22.63 %
Net Monthly Cashflow
$292
Description
Come check out all that this three bedroom Moline Home has to offer. This property was recently refreshed on the interior, and features a modern paint scheme, and new flooring throughout. Get this one before it's gone. Buyer and Buyers Agent to Verify all Aspects of the Home.
Buy & Hold Analysis
- IRR: 42.88 %
- Net Cashflow: $ 3,505
- Rehab Est: $ 0
- Cap Rate: 10.43 %
- Monthly Rent: $ 850
- ARV: $ 169,504
- Cash on Cash: 22.63 %
- Taxes: $ 1,291
Financial Analysis
- Loan Amnt: $ 43,425
- All-in Cost: $ 58,913
- Debt Coverage Ratio: 10.43 %
- Total Out of Pocket: $ 15,488
- Monthly Mortgage: $ 220
Expense Assumptions
- Prop Insurance: $ 463,200
- 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: $ 579
- Rental Holding Period: 4