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