Davenport, IA


$ 109,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,488 sqft | 1900 yr | $ 750 Rent

IRR
28.87 %
Yield-on-Cost
14.84 %
Cash on Cash
22.30 %
Net Monthly Cashflow
$801

Description

GREAT INVESTMENT OPPORTUNITY! This Up/Down Duplex features 2 bedrooms /1 bathroom in the bottom unit, and 1 bedroom/1 bathroom in the upper unit. Seller is offering a $725 One year AHS warranty, with an accepted offer.


Buy & Hold Analysis

  • ARV: $109,000
  • Yield-on-Cost: 14.84 %
  • Net Monthly Cashflow: $801
  • Monthly Rent: $750

Financial Analysis

  • Loan Amnt: $ 36,750.00
  • All-in Cost: $ 79,857.50
  • Debt Coverage Ratio: 5.30 %
  • Total Out of Pocket: $ 43,107.50
  • Monthly Mortgage: $ 186.21

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,596
  • Vacancy: $450
  • Capex: $0

Financing Assumptions

  • Down Payment: $12,250
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $368

Other Assumptions

  • Closing Cost: $ 490
  • Rental Holding Period: 4.00


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