3054 Boswell Drive, Huntsville, AL


$ 89,900 - Fix & Flip

4.0 bd | 2.0 ba | 1,700 sqft | 1965 yr | $ 1,100 Rent

ARV
$89,900
Net Profit
$-14,037
All-in Cost to ARV
105.37 %
Net ROI
-14.82 %

Description

Completely updated 4 bedroom rancher with a living room, den, eat in kitchen, huge laundry room and fenced yard. Fresh paint throughout, refinished hardwood floors, new carpet and LVP and a wheelchair ramp. A stove will be installed prior to closing. This home is located close to schools, shopping and Memorial Parkway. Storage building AS IS. Flood insurance is required, the owner currently pays $639 per year.  There are multiple offers on this property and a decision will be made by tomorrow at 12:00 Noon.

This property has a target rent of $875-925 per month and should be an excellent cash flow, rent-ready, income producing property.  This is not guaranteed and is only a projection based upon past experience, rents change according to season and you should get your own rental comps and verify with the property manager of your choice.

ROI Turnkey Properties LLC brings this property to you through a relationship in our network that professionally renovates properties, this is not a property we own, rather through PMI Georgia our Georgia real estate brokerage we will write up the contract for you and be compensated 3% by the seller.  We will discuss types of agency available prior to writing an offer on this property.  Any related referral fees will be negotiated with the seller as part of the transaction and built into the price.


Fix & Flip Analysis

  • ARV: $89,900
  • Net Profit: $-14,037
  • All-in Cost to ARV: 105.37 %

Financial Analysis

  • Loan Amnt: $ 67,425.00
  • All-in Cost: $ 94,731.34
  • Debt Coverage Ratio: 2.33 %
  • Total Out of Pocket: $ 27,306.34
  • Monthly Mortgage: $ 341.63

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 660
  • Prop Mgmt Fee: $ 1,254.00
  • Maintenance Cost: 627.00
  • 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: $ 899
  • Rental Holding Period: 4.00


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