417 E 6th St, Davenport, IA


$ 135,000 - Buy & Hold

2.0 bd | 1.0 ba | 1,108 sqft | 1900 yr | $ 750 Rent

IRR
38.51 %
Yield-on-Cost
11.66 %
Cash on Cash
27.29 %
Net Monthly Cashflow
$608

Description

Fantastic duplex opportunity, new siding, new roof, many new windows, fresh paint. Unfinished basement areas for expansion, located on large lot, overlooking cool vintage brick warehouse district and Mississippi River. Duplex next door also available! High cash flow, high return on investment.


Buy & Hold Analysis

  • ARV: $135,000
  • Yield-on-Cost: 11.66 %
  • Net Monthly Cashflow: $608
  • Monthly Rent: $750

Financial Analysis

  • Loan Amnt: $ 75,000.00
  • All-in Cost: $ 101,750.00
  • Debt Coverage Ratio: 2.60 %
  • Total Out of Pocket: $ 26,750.00
  • Monthly Mortgage: $ 380.01

Expense Assumptions

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

Financing Assumptions

  • Down Payment: $25,000
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $750

Other Assumptions

  • Closing Cost: $ 1,000
  • Rental Holding Period: 4.00


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