Saint Joseph, MO


$ 114,900 - Buy & Hold

4.0 bd | 2.0 ba | 1,500 sqft | 1902 yr | $ 750 Rent

IRR
23.48 %
Yield-on-Cost
11.35 %
Cash on Cash
17.39 %
Net Monthly Cashflow
$480

Description

Have you thought about buying an investment property? Well, look no further! Check out this adorable, well kept duplex. Each side features 2 bedrooms, one full bath, a spacious eat in kitchen, a large family room, along with a private unfinished basement on each side for all of your storage needs. The nice sized backyard is fenced, and the home is located at the end of a dead end street so privacy isn't a problem. There are separate utilities/meters on each side, along with laundry hookups for your convenience. Why not occupy one side, and rent out the other? Or rent out both sides and walk away with a nice chunk of change every month. New paint, newer flooring, and updates here and there make this place sparkle and shine. Don't miss out!


Buy & Hold Analysis

  • ARV: $114,900
  • Yield-on-Cost: 11.35 %
  • Net Monthly Cashflow: $480
  • Monthly Rent: $750

Financial Analysis

  • Loan Amnt: $ 78,750.00
  • All-in Cost: $ 111,837.50
  • Debt Coverage Ratio: 1.83 %
  • Total Out of Pocket: $ 33,087.50
  • Monthly Mortgage: $ 577.84

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,710
  • Vacancy: $450
  • Capex: $0

Financing Assumptions

  • Down Payment: $26,250
  • Interest Rate: 8.00 %
  • Loan Term Months: 360.00
  • Points: $788

Other Assumptions

  • Closing Cost: $ 1,050
  • Rental Holding Period: 4.00


Contact An Agent About This Property