Davenport, IA


$ 139,700 - Buy & Hold

3.0 bd | 2.0 ba | 1,238 sqft | 1924 | $ 1,500 Rent

IRR
0.00 %
Yield-on-Cost
0.00 %
Cash on Cash
0.00 %
Net Monthly Cashflow
$0

Description

Up and down duplex in the Palmer college area. Building has been completely remodeled top to bottom, mechanically and physically. All improvements have been made with high quality materials and with great style to attract only the best of tenants. No showings until an offer is made. All financial data is being offered up front to all potential buyers. Make offers subject to viewing and inspecting all units. Also check out the following addresses, 208 E 11th st, 1111 Perry st, 1510 Brady st, , 634 E 13th st and 640 E 13th st. All are for sale by the same owner and a package deal can possibly be made.


Buy & Hold Analysis

  • IRR: 0.00 %
  • Net Cashflow: $ 0
  • Rehab Est: $ 0
  • Cap Rate: 0.00 %
  • Monthly Rent: $ 1,500
  • ARV: $ 139,000
  • Cash on Cash: 0.00 %
  • Taxes: $ 2,333

Financial Analysis

  • Loan Amnt: $ 104,775
  • All-in Cost: $ 142,145
  • Debt Coverage Ratio: 0.00 %
  • Total Out of Pocket: $ 37,370
  • Monthly Mortgage: $ 628

Expense Assumptions

  • Prop Insurance: $ 1,117,600
  • Vacancy: $ 2,700
  • Prop Mgmt Fee: $ 1,800
  • Maintenance: $ 900
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 6.00 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 1,397
  • Rental Holding Period: 4


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