2819 E Mishawaka Ave, South Bend, IN


$ 159,900 - Buy & Hold

3.0 bd | 2.0 ba | 1,248 sqft | 1918 yr | $ 1,550 Rent

IRR

17.30 %

CAP Rate

0.08 %

Cash on Cash

0.08 %

Cashflow

$ 3,521


Description


Buy & Hold Analysis

  • IRR: 17.30 %
  • Net Cashflow: $ 3,521
  • Rehab Est: $ 0
  • Cap Rate: 0.08 %
  • Monthly Rent: $ 1,550.00
  • ARV: $ 165,000
  • Cash on Cash: 0.08 %
  • Taxes: $ 1,105

Financial Analysis

  • Loan Amnt: $ 119,925.00
  • All-in Cost: $ 162,698.25
  • Debt Coverage Ratio: 1.37 %
  • Total Out of Pocket: $ 42,773.25
  • Monthly Mortgage: $ 799.50

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 930
  • Prop Mgmt Fee: $ 1,767.00
  • Maintenance Cost: 883.50
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 8.00 %
  • Interest only loan: Yes

Other Assumptions

  • Closing Cost: $ 1,599
  • Rental Holding Period: 4.00


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