Granite City, IL


$ 79,900 - Buy & Hold

4.0 bd | 2.0 ba | 1,641 sqft | 1914 yr | $ 650 Rent

IRR
40.26 %
Yield-on-Cost
12.52 %
Cash on Cash
30.56 %
Net Monthly Cashflow
$544

Description

Both units are occupied and needs a 24-hour notice and upstairs tenant will be present and let you in. Nice duplex with possible monthly income of $1300. Has a garage and off-street parking for the tenants, upstairs unit has parking in the rear from the alley. Not far from parks and shopping. Located on high traffic area and on many local parade routes.


Buy & Hold Analysis

  • ARV: $79,900
  • Yield-on-Cost: 12.52 %
  • Net Monthly Cashflow: $544
  • Monthly Rent: $650

Financial Analysis

  • Loan Amnt: $ 59,925.00
  • All-in Cost: $ 81,298.25
  • Debt Coverage Ratio: 2.79 %
  • Total Out of Pocket: $ 21,373.25
  • Monthly Mortgage: $ 303.63

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,482
  • Vacancy: $390
  • Capex: $0

Financing Assumptions

  • Down Payment: $19,975
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $599

Other Assumptions

  • Closing Cost: $ 799
  • Rental Holding Period: 4.00


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