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


Contact An Agent About This Property