4729 Blue Haven Drive, Huntsville, AL


$ 104,640 - Buy & Hold

4.0 bd | 2.0 ba | 1,636 sqft | 1970 | $ 1,200 Rent

IRR
43.92 %
Yield-on-Cost
11.84 %
Cash on Cash
30.28 %
Net Monthly Cashflow
$513

Description

This 4/2 home is located just behind the brand new state of the art high school, and has been totally renovated including:  a completely new kitchen, new appliances, new flooring, paint, lighting, bathroom cabinets and so much more.  I believe the hvac on this one was also recently replaced.  The home has a huge formal living room, eat in kitchen, and a large den on the terrace level.  A nice cement patio in the large back yard is perfect for grilling.  The home  has a one car garage which provides plenty of storage.  We believe this home should rent for $900-950 per month and provide a great cash flow.


Buy & Hold Analysis

  • IRR: 43.92 %
  • Net Cashflow: $ 5,273
  • Rehab Est: $ 0
  • Cap Rate: 10.08 %
  • Monthly Rent: $ 1,200
  • ARV: $ 104,640
  • Cash on Cash: 22.30 %
  • Taxes: $ 297

Financial Analysis

  • Loan Amnt: $ 72,000
  • All-in Cost: $ 92,340
  • Debt Coverage Ratio: 10.08 %
  • Total Out of Pocket: $ 20,340
  • Monthly Mortgage: $ 398

Expense Assumptions

  • Prop Insurance: $ 785
  • Vacancy: $ 720
  • Prop Mgmt Fee: $ 1,152
  • Maintenance: $ 720
  • 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: $ 1,046
  • Rental Holding Period: 12


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