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


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