Alton, IL


$ 110,000 - Buy & Hold

4.0 bd | 2.0 ba | 1,984 sqft | 1900 yr | $ 825 Rent

IRR
28.83 %
Yield-on-Cost
11.58 %
Cash on Cash
21.64 %
Net Monthly Cashflow
$531

Description

Great investment opportunity....lower level has been rented as an air B n B, and is ready to be rented out....there is main floor laundry hookups for the first level, none for the second. The second level has been completed and is ready for your tenants. Basement for owner storage, and houses the furnaces and water heaters. Tenants do not have access. The upper unit was rented recently as an air B n B. Buyer and buyers agent to verify all MLS information including measurements


Buy & Hold Analysis

  • ARV: $110,000
  • Yield-on-Cost: 11.58 %
  • Net Monthly Cashflow: $531
  • Monthly Rent: $825

Financial Analysis

  • Loan Amnt: $ 82,500.00
  • All-in Cost: $ 111,925.00
  • Debt Coverage Ratio: 1.97 %
  • Total Out of Pocket: $ 29,425.00
  • Monthly Mortgage: $ 548.87

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,881
  • Vacancy: $495
  • Capex: $0

Financing Assumptions

  • Down Payment: $27,500
  • Interest Rate: 7.00 %
  • Loan Term Months: 360.00
  • Points: $825

Other Assumptions

  • Closing Cost: $ 1,100
  • Rental Holding Period: 4.00


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