Granite City, IL


$ 108,000 - Buy & Hold

4.0 bd | 2.0 ba | 1,856 sqft | 1910 yr | $ 810 Rent

IRR
28.77 %
Yield-on-Cost
11.56 %
Cash on Cash
21.59 %
Net Monthly Cashflow
$520

Description

Excellent investment opportunity. Possible 3-plex. This property boasts new windows, wiring, hot water heaters, furnaces, roof, flooring, and the building has been painted. Please use showing time for all showings.


Buy & Hold Analysis

  • ARV: $108,000
  • Yield-on-Cost: 11.56 %
  • Net Monthly Cashflow: $520
  • Monthly Rent: $810

Financial Analysis

  • Loan Amnt: $ 81,000.00
  • All-in Cost: $ 109,890.00
  • Debt Coverage Ratio: 1.96 %
  • Total Out of Pocket: $ 28,890.00
  • Monthly Mortgage: $ 538.90

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,847
  • Vacancy: $486
  • Capex: $0

Financing Assumptions

  • Down Payment: $27,000
  • Interest Rate: 7.00 %
  • Loan Term Months: 360.00
  • Points: $810

Other Assumptions

  • Closing Cost: $ 1,080
  • Rental Holding Period: 4.00


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