227 Easthaven Road, Montgomery, AL


$ 87,000 - Fix & Flip

3.0 bd | 2.0 ba | 1,308 sqft | 1956 yr | $ 975 Rent

ARV
$111,244
Net Profit
$40,254
All-in Cost to ARV
34.10 %
Net ROI
106.12 %

Description

A beautifully renovated 3/2 in the Forest Hills subdivision of Montgomery, one of our favorite neighborhoods, actually. With a single carport and more than 1,300 square feet, this property also features a large front yard and large, fenced back yard. Inside there is an amazing kitchen with tile...


Fix & Flip Analysis

  • ARV: $111,244
  • Net Profit: $40,254
  • All-in Cost to ARV: 34.10 %

Financial Analysis

  • Loan Amnt: $ 26,250.00
  • All-in Cost: $ 37,932.64
  • Debt Coverage Ratio: 5.24 %
  • Total Out of Pocket: $ 11,682.64
  • Monthly Mortgage: $ 133.00

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 585
  • Prop Mgmt Fee: $ 1,111.50
  • Maintenance Cost: 555.75
  • 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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