Milan, IL


$ 130,000 - Buy & Hold

3.0 bd | 1.0 ba | 1,040 sqft | 1966 | $ 1,400 Rent

IRR
18.15 %
Yield-on-Cost
7.46 %
Cash on Cash
11.33 %
Net Monthly Cashflow
$328

Description

3 bedrooom one bath property built in 1966 very desirable. Rents'for $1,400 per month.


Buy & Hold Analysis

  • IRR: 18.15 %
  • Net Cashflow: $ 3,987
  • Rehab Est: $ 0
  • Cap Rate: 7.52 %
  • Monthly Rent: $ 1,400
  • ARV: $ 141,267
  • Cash on Cash: 11.55 %
  • Taxes: $ 2,897

Financial Analysis

  • Loan Amnt: $ 97,500
  • All-in Cost: $ 132,275
  • Debt Coverage Ratio: 7.52 %
  • Total Out of Pocket: $ 34,775
  • Monthly Mortgage: $ 494

Expense Assumptions

  • Prop Insurance: $ 1,040,000
  • Vacancy: $ 840
  • Prop Mgmt Fee: $ 1,680
  • Maintenance: $ 840
  • 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: $ 1,300
  • Rental Holding Period: 4


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