33 Arden Road, Montgomery, AL


$ 85,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,593 sqft | 1948 | $ 900 Rent

IRR
0.00 %
Yield-on-Cost
1,079.60 %
Cash on Cash
4,877.75 %
Net Monthly Cashflow
$717

Description

Located in the up and coming Capitol Heights neighborhood, there are tons of renovations going on and this area is experiencing gentrification due to it's close proximity to downtown Montgomery.  The Riverwalk, the amphitheater, Union Station, Escapology, 35,000 state jobs, civil rights and Civil War historical sites, minor league baseball and lots of great restaurants are all close by!  Montgomery also has one of two professional full time Shakespeare festivals in the country, so there is plenty of culture!

We have negotiated with the seller and believe we can help you pick up this property at a great price, potentially well below the listed price.  The property has a newer roof,  hvac, new paint, newly refreshed hardwood flooring.  The bathroom has a cool period tile and the living room fireplace mantle is amazing.  This property has a target rent of $900-925 per month and should be an excellent cash flow, rent-ready, income producing property.  This is not guaranteed and is only a projection based upon past experience, rents change according to season and you should get your own rental comps and verify with the property manager of your choice.

ROI Turnkey Properties LLC brings this property to you through a relationship in our network that professionally renovates properties, this is not a property we own, rather through PMI Georgia our Georgia real estate brokerage we will write up the contract for you and be compensated 3% by the seller.  We will discuss types of agency available prior to writing an offer on this property.  Any related referral fees will be negotiated with the seller as part of the transaction and built into the price.


Buy & Hold Analysis

  • IRR: 0.00 %
  • Net Cashflow: $ 3,502
  • Rehab Est: $ 0
  • Cap Rate: 9.18 %
  • Monthly Rent: $ 900
  • ARV: $ 85,000
  • Cash on Cash: 18.23 %
  • Taxes: $ 281

Financial Analysis

  • Loan Amnt: $ 624
  • All-in Cost: $ 800
  • Debt Coverage Ratio: 9.18 %
  • Total Out of Pocket: $ 176
  • Monthly Mortgage: $ 3

Expense Assumptions

  • Prop Insurance: $ 638
  • Vacancy: $ 540
  • Prop Mgmt Fee: $ 864
  • Maintenance: $ 540
  • 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: $ 850
  • Rental Holding Period: 12


Contact An Agent About This Property