Moline, IL


$ 64,900 - Buy & Hold

5.0 bd | 3.0 ba | 3,408 sqft | 1900

IRR
33.51 %
Yield-on-Cost
10.87 %
Cash on Cash
24.41 %
Net Monthly Cashflow
$431

Description

Great investment opportunity. Large 2 story duplex with good rental history. Great location close to the downtown of Moline


Buy & Hold Analysis

  • IRR: 33.51 %
  • Net Cashflow: $ 5,864
  • Rehab Est: $ 20,000
  • Cap Rate: 13.36 %
  • Monthly Rent: $ 0
  • ARV: $ 86,947
  • Cash on Cash: 33.78 %
  • Taxes: $ 2,005

Financial Analysis

  • Loan Amnt: $ 60,000
  • All-in Cost: $ 81,200
  • Debt Coverage Ratio: 13.36 %
  • Total Out of Pocket: $ 21,200
  • Monthly Mortgage: $ 304

Expense Assumptions

  • Prop Insurance: $ 519,200
  • 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: $ 649
  • Rental Holding Period: 4


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