Caseyville, IL


$ 85,000 - Buy & Hold

3.0 bd | 4.0 ba | 2,592 sqft | 1968 yr | $ 575 Rent

IRR
25.27 %
Yield-on-Cost
9.08 %
Cash on Cash
17.49 %
Net Monthly Cashflow
$370

Description

SOLID INVESTMENT- BOTH LONG TERM RESIDENTS $575 SINCE 2016, $630 SINCE 2020. It is likely that these rents are below market and could be raised. OWNER PAYS WATER&SEWER. ALSO PRIVATE ROAD TO 159, WILL BE DEEDED ALSO. PLEASE NOTE BUILDING ION SEPTIC


Buy & Hold Analysis

  • ARV: $111,013
  • Yield-on-Cost: 9.08 %
  • Net Monthly Cashflow: $370
  • Monthly Rent: $575

Financial Analysis

  • Loan Amnt: $ 71,250.00
  • All-in Cost: $ 96,662.50
  • Debt Coverage Ratio: 2.03 %
  • Total Out of Pocket: $ 25,412.50
  • Monthly Mortgage: $ 361.01

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,374
  • Vacancy: $345
  • Capex: $0

Financing Assumptions

  • Down Payment: $23,750
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $713

Other Assumptions

  • Closing Cost: $ 950
  • Rental Holding Period: 4.00


Contact An Agent About This Property