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