Rock Island, IL
$ 17,700 - Buy & Hold
3.0 bd | 1.0 ba | 578 sqft | 1910 | $ 750 Rent
IRR
34.14 %
Yield-on-Cost
11.40 %
Cash on Cash
26.69 %
Net Monthly Cashflow
$306
Description
Picture perfect doll house. Attention Investors/Rehabbers and contractors. Bring you ideas to return this 3 bedroom, 1 bath home to it's former glory. Great starter home or rental property. This will not last! Show and sell.
Buy & Hold Analysis
- IRR: 34.14 %
- Net Cashflow: $ 5,266
- Rehab Est: $ 35,000
- Cap Rate: 33.72 %
- Monthly Rent: $ 750
- ARV: $ 44,647
- Cash on Cash: 111.21 %
- Taxes: $ 395
Financial Analysis
- Loan Amnt: $ 39,525
- All-in Cost: $ 53,272
- Debt Coverage Ratio: 33.72 %
- Total Out of Pocket: $ 13,747
- Monthly Mortgage: $ 200
Expense Assumptions
- Prop Insurance: $ 141,600
- Vacancy: $ 450
- Prop Mgmt Fee: $ 900
- Maintenance: $ 450
- 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: $ 177
- Rental Holding Period: 4