Wood River, IL


$ 115,000 - Buy & Hold

5.0 bd | 4.0 ba | 2,350 sqft | 1915 yr | $ 850 Rent

IRR
69.71 %
Yield-on-Cost
18.56 %
Cash on Cash
49.70 %
Net Monthly Cashflow
$1,434

Description

Investment opportunity. This 4-plex has three 1-bedroom units and one 2-bedroom unit. Two units recently renovated, large lot in convenient location. Seller will hookup gas line for the two vacant apartments. Units 1 & 2 are occupied. Income reflects the occupied units only, could be doubled or more as one of the vacant units is the 2 bedroom. Buyer and buyers agent to verify all MLS information, including all measurements.


Buy & Hold Analysis

  • ARV: $155,000
  • Yield-on-Cost: 18.56 %
  • Net Monthly Cashflow: $1,434
  • Monthly Rent: $850

Financial Analysis

  • Loan Amnt: $ 97,500.00
  • All-in Cost: $ 132,125.00
  • Debt Coverage Ratio: 3.35 %
  • Total Out of Pocket: $ 34,625.00
  • Monthly Mortgage: $ 609.38

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $3,278
  • Vacancy: $510
  • Capex: $0

Financing Assumptions

  • Down Payment: $32,500
  • Interest Rate: 7.50 %
  • Loan Term Months: 360.00
  • Points: $975

Other Assumptions

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


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