Montgomery, AL


$ 85,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,560 sqft | 1935 | $ 875 Rent

IRR
20.42 %
Yield-on-Cost
8.07 %
Cash on Cash
13.65 %
Net Monthly Cashflow
$259

Description

Wonderful, newly renovated home that would make any family happy! Renovations include new fridge, stove, & dishwasher. Also, refinished flooring, brand new lighting in the bathrooms, and so much more! Please contact


Buy & Hold Analysis

  • IRR: 20.42 %
  • Net Cashflow: $ 3,103
  • Rehab Est: $ 0
  • Cap Rate: 8.07 %
  • Monthly Rent: $ 875
  • ARV: $ 91,000
  • Cash on Cash: 13.65 %
  • Taxes: $ 700

Financial Analysis

  • Loan Amnt: $ 63,750
  • All-in Cost: $ 86,488
  • Debt Coverage Ratio: 8.07 %
  • Total Out of Pocket: $ 22,738
  • Monthly Mortgage: $ 323

Expense Assumptions

  • Prop Insurance: $ 680,000
  • Vacancy: $ 525
  • Prop Mgmt Fee: $ 1,050
  • Maintenance: $ 525
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 850
  • Rental Holding Period: 4


Contact An Agent About This Property