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