Davenport, IA


$ 144,000 - Buy & Hold

4.0 bd | 4.0 ba | 2,652 sqft | 1900 | $ 1,600 Rent

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

Description

This turn-key duplex is ready for it's next owner! A great cash flowing property with room to increase rents to market rates. Owner pays for mowing and snow removal. Tenant pays sewer, water, electric, and garbage. Total remodel in 2018 includes: New roof, new siding, AC, Furnace. Plumbing and electrical updated.


Buy & Hold Analysis

  • IRR: 0.00 %
  • Net Cashflow: $ 0
  • Rehab Est: $ 0
  • Cap Rate: 0.00 %
  • Monthly Rent: $ 1,600
  • ARV: $ 147,213
  • Cash on Cash: 0.00 %
  • Taxes: $ 2,405

Financial Analysis

  • Loan Amnt: $ 108,000
  • All-in Cost: $ 146,520
  • Debt Coverage Ratio: 0.00 %
  • Total Out of Pocket: $ 38,520
  • Monthly Mortgage: $ 547

Expense Assumptions

  • Prop Insurance: $ 1,152,000
  • Vacancy: $ 2,880
  • Prop Mgmt Fee: $ 1,920
  • Maintenance: $ 960
  • 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: $ 1,440
  • Rental Holding Period: 4


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