Montgomery, AL


$ 64,750 - Buy & Hold

3.0 bd | 1.0 ba | 1,486 sqft | 1930 | $ 750 Rent

IRR
24.38 %
Yield-on-Cost
9.43 %
Cash on Cash
18.83 %
Net Monthly Cashflow
$272

Description

Great house for Investors. Hardwood floors in bedrooms, family room, and dining room. Central A/C. Sold "as is"


Buy & Hold Analysis

  • IRR: 24.38 %
  • Net Cashflow: $ 3,262
  • Rehab Est: $ 0
  • Cap Rate: 9.43 %
  • Monthly Rent: $ 750
  • ARV: $ 60,390
  • Cash on Cash: 18.83 %
  • Taxes: $ 253

Financial Analysis

  • Loan Amnt: $ 48,563
  • All-in Cost: $ 65,883
  • Debt Coverage Ratio: 9.43 %
  • Total Out of Pocket: $ 17,321
  • Monthly Mortgage: $ 246

Expense Assumptions

  • Prop Insurance: $ 518,000
  • Vacancy: $ 450
  • Prop Mgmt Fee: $ 900
  • Maintenance: $ 450
  • 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: $ 648
  • Rental Holding Period: 4


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