Huntsville, AL


$ 210,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,171 sqft | 1980 | $ 1,400 Rent

IRR
16.49 %
Yield-on-Cost
7.27 %
Cash on Cash
6.39 %
Net Monthly Cashflow
$240

Description

Great three bedroom two bath home on huge lot, good curb appeal, gigantic living room, open kitchen, this property has potential for a flip or as a good buy and hold investment.


Buy & Hold Analysis

  • IRR: 16.49 %
  • Net Cashflow: $ 602
  • Rehab Est: $ 45,000
  • Cap Rate: 5.87 %
  • Monthly Rent: $ 1,400
  • ARV: $ 210,000
  • Cash on Cash: 1.07 %
  • Taxes: $ 218

Financial Analysis

  • Loan Amnt: $ 127,500
  • All-in Cost: $ 172,525
  • Debt Coverage Ratio: 5.87 %
  • Total Out of Pocket: $ 45,025
  • Monthly Mortgage: $ 806

Expense Assumptions

  • Prop Insurance: $ 1,680,000
  • Vacancy: $ 840
  • Prop Mgmt Fee: $ 1,680
  • Maintenance: $ 840
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 6.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 2,100
  • Rental Holding Period: 4


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