112 Gray Drive, Prattville, AL


$ 109,144 - Fix & Flip

3.0 bd | 2.0 ba | 1,283 sqft | 1977 | $ 1,000 Rent

ARV
$109,144
Net Profit
$35,304
Net ROI
52.00 %

Description

This beautiful recently renovated 3/2 home is located in the wonderful city of Prattville with the best schools in the county. The large living room has a beautiful stone fireplace perfect for those cold nights. The galley style kitchen comes with new appliances, new counter tops, and a formal eating area. All three bedrooms are quite large with tons of closet space. The two bathrooms have been recently remodeled with new cabinets, and tubs with a beautiful tile surround. There is a large laundry room with storage space. With a large fenced backyard, you have the room to garden or  entertain friends and family.


Fix & Flip Analysis

  • IRR: 30.72 %
  • Net Cashflow: $ 2,967
  • Rehab Est: $ 28,000
  • Cap Rate: 7.82 %
  • Monthly Rent: $ 1,000
  • ARV: $ 109,144
  • Cash on Cash: 12.03 %
  • Taxes: $ 347

Financial Analysis

  • Loan Amnt: $ 28,000
  • All-in Cost: $ 63,910
  • Debt Coverage Ratio: 7.82 %
  • Total Out of Pocket: $ 35,910
  • Monthly Mortgage: $ 155

Expense Assumptions

  • Prop Insurance: $ 819
  • Vacancy: $ 600
  • Prop Mgmt Fee: $ 960
  • Maintenance: $ 600
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 20.00 %
  • Points: 2.00
  • Interest Rate: 5.25 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 1,091
  • Rental Holding Period: 12


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