South Bend, IN


$ 115,000 - Buy & Hold

4.0 bd | 1.5 ba | 2,176 sqft | 1947 yr | $ 1,000 Rent

IRR
17.19 %
Yield-on-Cost
6.61 %
Cash on Cash
8.11 %
Net Monthly Cashflow
$208

Description

Gleaming hardwood floors in this 4 bedroom house with a fantastic porch, basement and front and back stairs. Located close to everything, and fantastic curb appeal.


Buy & Hold Analysis

  • ARV: $148,535
  • Yield-on-Cost: 6.61 %
  • Net Monthly Cashflow: $208
  • Monthly Rent: $1,000

Financial Analysis

  • Loan Amnt: $ 86,250.00
  • All-in Cost: $ 117,012.50
  • Debt Coverage Ratio: 1.48 %
  • Total Out of Pocket: $ 30,762.50
  • Monthly Mortgage: $ 437.02

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,140
  • Vacancy: $600
  • Capex: $0

Financing Assumptions

  • Down Payment: $28,750
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $863

Other Assumptions

  • Closing Cost: $ 1,150
  • Rental Holding Period: 4.00


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