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