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