112 Gray Drive, Prattville, AL


$ 109,144 - Fix & Flip

3.0 bd | 2.0 ba | 1,283 sqft | 1977 yr | $ 1,000 Rent

ARV
$109,144
Net Profit
$32,875
All-in Cost to ARV
60.64 %
Net ROI
49.67 %

Description

This beautiful recently renovated 3/2 home is located in the wonderful city of Prattville with the best schools in the county. The large living room has a beautiful stone fireplace perfect for those cold nights. The galley style kitchen comes with new appliances, new counter tops, and a formal eating area. All three bedrooms are quite large with tons of closet space. The two bathrooms have been recently remodeled with new cabinets, and tubs with a beautiful tile surround. There is a large laundry room with storage space. With a large fenced backyard, you have the room to garden or  entertain friends and family.


Fix & Flip Analysis

  • ARV: $109,144
  • Net Profit: $32,875
  • All-in Cost to ARV: 60.64 %

Financial Analysis

  • Loan Amnt: $ 26,250.00
  • All-in Cost: $ 66,188.13
  • Debt Coverage Ratio: 5.35 %
  • Total Out of Pocket: $ 39,938.13
  • Monthly Mortgage: $ 133.00

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 600
  • Prop Mgmt Fee: $ 1,140.00
  • Maintenance Cost: 570.00
  • 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: $ 350
  • Rental Holding Period: 4.00


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