Montgomery, AL


$ 102,900 - Buy & Hold

2.0 bd | 2.0 ba | 1,536 sqft | 1926 | $ 1,233 Rent

IRR
27.19 %
Yield-on-Cost
9.94 %
Cash on Cash
20.75 %
Net Monthly Cashflow
$499

Description


Buy & Hold Analysis

  • IRR: 27.19 %
  • Net Cashflow: $ 6,226
  • Rehab Est: $ 0
  • Cap Rate: 10.43 %
  • Monthly Rent: $ 1,233
  • ARV: $ 102,900
  • Cash on Cash: 22.62 %
  • Taxes: $ 229

Financial Analysis

  • Loan Amnt: $ 81,000
  • All-in Cost: $ 109,890
  • Debt Coverage Ratio: 10.43 %
  • Total Out of Pocket: $ 28,890
  • Monthly Mortgage: $ 410

Expense Assumptions

  • Prop Insurance: $ 823,200
  • Vacancy: $ 740
  • Prop Mgmt Fee: $ 1,480
  • Maintenance: $ 740
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 1,029
  • Rental Holding Period: 4


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