Davenport, IA
$ 104,900 - Buy & Hold
4.0 bd | 2.0 ba | 1,890 sqft | 1900
IRR
29.47 %
Yield-on-Cost
11.56 %
Cash on Cash
22.05 %
Net Monthly Cashflow
$516
Description
Check out this well maintained fully occupied duplex. Each unit has two bedrooms and one bath. Applianced included! 24-hour notice required.
Buy & Hold Analysis
- IRR: 29.47 %
- Net Cashflow: $ 6,187
- Rehab Est: $ 0
- Cap Rate: 11.56 %
- Monthly Rent: $ 0
- ARV: $ 99,905
- Cash on Cash: 22.05 %
- Taxes: $ 1,752
Financial Analysis
- Loan Amnt: $ 78,675
- All-in Cost: $ 106,736
- Debt Coverage Ratio: 11.56 %
- Total Out of Pocket: $ 28,061
- Monthly Mortgage: $ 513
Expense Assumptions
- Prop Insurance: $ 839,200
- Vacancy: $ 0
- Prop Mgmt Fee: $ 0
- Maintenance: $ 0
- Capex: $ 0
Financing Assumptions
- Cash Purchase: No
- Loan Term: 360 months
- Down Payment: 25.00 %
- Points: 1.00
- Interest Rate: 6.80 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 1,049
- Rental Holding Period: 4