Moline, IL
$ 57,900 - Buy & Hold
3.0 bd | 1.0 ba | 1,400 sqft | 1920 yr | $ 850 Rent
IRR
42.14 %
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
- ARV: $169,504
- Yield-on-Cost: 10.43 %
- Net Monthly Cashflow: $292
- Monthly Rent: $850
Financial Analysis
- Loan Amnt: $ 43,425.00
- All-in Cost: $ 58,913.25
- Debt Coverage Ratio: 2.33 %
- Total Out of Pocket: $ 15,488.25
- Monthly Mortgage: $ 220.03
Expense Assumptions
- Prop Insurance: $800
- Prop Mgmt Fee: $969
- Vacancy: $510
- Capex: $0
Financing Assumptions
- Down Payment: $14,475
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $434
Other Assumptions
- Closing Cost: $ 579
- Rental Holding Period: 4.00