227 Easthaven Road, Montgomery, AL


$ 87,000 - Fix & Flip

3.0 bd | 2.0 ba | 1,308 sqft | 1956 | $ 975 Rent

ARV
$111,244
Net Profit
$42,784
Net ROI
109.00 %

Description

A beautifully renovated 3/2 in the Forest Hills subdivision of Montgomery, one of our favorite neighborhoods, actually. With a single carport and more than 1,300 square feet, this property also features a large front yard and large, fenced back yard. Inside there is an amazing kitchen with tile...


Fix & Flip Analysis

  • IRR: 151.60 %
  • Net Cashflow: $ 4,118
  • Rehab Est: $ 0
  • Cap Rate: 9.78 %
  • Monthly Rent: $ 975
  • ARV: $ 111,244
  • Cash on Cash: 20.95 %
  • Taxes: $ 287

Financial Analysis

  • Loan Amnt: $ 28,000
  • All-in Cost: $ 35,910
  • Debt Coverage Ratio: 9.78 %
  • Total Out of Pocket: $ 7,910
  • Monthly Mortgage: $ 155

Expense Assumptions

  • Prop Insurance: $ 653
  • Vacancy: $ 585
  • Prop Mgmt Fee: $ 936
  • Maintenance: $ 585
  • 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: $ 870
  • Rental Holding Period: 12


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