Montgomery, AL
$ 85,000 - Buy & Hold
3.0 bd | 2.0 ba | 1,560 sqft | 1935 | $ 875 Rent
IRR
20.42 %
Yield-on-Cost
8.07 %
Cash on Cash
13.65 %
Net Monthly Cashflow
$259
Description
Wonderful, newly renovated home that would make any family happy! Renovations include new fridge, stove, & dishwasher. Also, refinished flooring, brand new lighting in the bathrooms, and so much more! Please contact
Buy & Hold Analysis
- IRR: 20.42 %
- Net Cashflow: $ 3,103
- Rehab Est: $ 0
- Cap Rate: 8.07 %
- Monthly Rent: $ 875
- ARV: $ 91,000
- Cash on Cash: 13.65 %
- Taxes: $ 700
Financial Analysis
- Loan Amnt: $ 63,750
- All-in Cost: $ 86,488
- Debt Coverage Ratio: 8.07 %
- Total Out of Pocket: $ 22,738
- Monthly Mortgage: $ 323
Expense Assumptions
- Prop Insurance: $ 680,000
- Vacancy: $ 525
- Prop Mgmt Fee: $ 1,050
- Maintenance: $ 525
- 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: $ 850
- Rental Holding Period: 4