Topeka, KS
$ 89,950 - Buy & Hold
3.0 bd | 1.0 ba | 1,487 sqft | 1925 | $ 1,101 Rent
IRR
27.32 %
Yield-on-Cost
9.31 %
Cash on Cash
14.14 %
Net Monthly Cashflow
$281
Description
Great opportunity for an investor! 3 Bedroom, 1 Bath, with all natural hardwood trim, hardwood floors, new carpet, updated bathroom, fresh paint and more! Currently rented until June of 2023 and priced almost $10,000 below county value!
Buy & Hold Analysis
- IRR: 27.32 %
- Net Cashflow: $ 3,313
- Rehab Est: $ 0
- Cap Rate: 9.21 %
- Monthly Rent: $ 1,101
- ARV: $ 136,247
- Cash on Cash: 13.77 %
- Taxes: $ 1,439
Financial Analysis
- Loan Amnt: $ 66,750
- All-in Cost: $ 90,558
- Debt Coverage Ratio: 9.21 %
- Total Out of Pocket: $ 23,808
- Monthly Mortgage: $ 422
Expense Assumptions
- Prop Insurance: $ 719,600
- Vacancy: $ 661
- Prop Mgmt Fee: $ 1,321
- Maintenance: $ 661
- Capex: $ 0
Financing Assumptions
- Cash Purchase: No
- Loan Term: 360 months
- Down Payment: 25.00 %
- Points: 1.00
- Interest Rate: 6.50 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 900
- Rental Holding Period: 4