Saint Joseph, MO


$ 115,000 - Buy & Hold

4.0 bd | 2.0 ba | 1,822 sqft | 1912 yr | $ 875 Rent

IRR
44.43 %
Yield-on-Cost
14.40 %
Cash on Cash
32.08 %
Net Monthly Cashflow
$649

Description

Are you looking to build your rental portfolio? This two-story home is an upper and lower duplex style. Separate gas and electric that tenants pay. Owner pays for water, sewer, and trash. The upper unit is vacant and features 1 bedroom, 1 bath, hardwood floors, and previously rented for $600/month. The lower unit is currently rented and features 3 bedrooms, 1 bath, hardwoods floors, and rents for $650/month. Carport in back of house with room for 4 vehicles! Could use a little TLC but has lots of potential. Priced to sell!


Buy & Hold Analysis

  • ARV: $152,165
  • Yield-on-Cost: 14.40 %
  • Net Monthly Cashflow: $649
  • Monthly Rent: $875

Financial Analysis

  • Loan Amnt: $ 69,000.00
  • All-in Cost: $ 93,260.00
  • Debt Coverage Ratio: 2.38 %
  • Total Out of Pocket: $ 24,260.00
  • Monthly Mortgage: $ 470.70

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,739
  • Vacancy: $525
  • Capex: $0

Financing Assumptions

  • Down Payment: $23,000
  • Interest Rate: 7.25 %
  • Loan Term Months: 360.00
  • Points: $690

Other Assumptions

  • Closing Cost: $ 570
  • Rental Holding Period: 4.00


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