3361 Royal Creek Road, Montgomery, AL


$ 89,677 - Buy & Hold

3.0 bd | 2.0 ba | 1,616 sqft | 1990 yr | $ 908 Rent

IRR
22.91 %
Yield-on-Cost
8.93 %
Cash on Cash
16.90 %
Net Monthly Cashflow
$320

Description

This fantastic home is located in a great neighborhood that is a solid B- street with really good curb appeal and strong pride of ownership, which you will see from the below pictures.  This deal beats the 1% rule if you can pick it up for $82,000 and it rents for $850 that's just a great buy!  Great roof, check, curb appeal, check, amazing yard, check, check!  The tenants moved in so quickly due to high demand for this great house that we weren't able to get interior photos, but we will get those soon!  This is one I would snatch up quickly, and hold for great cash flow.


Buy & Hold Analysis

  • ARV: $89,677
  • Yield-on-Cost: 8.93 %
  • Net Monthly Cashflow: $320
  • Monthly Rent: $908

Financial Analysis

  • Loan Amnt: $ 63,750.00
  • All-in Cost: $ 86,487.50
  • Debt Coverage Ratio: 1.99 %
  • Total Out of Pocket: $ 22,737.50
  • Monthly Mortgage: $ 323.01

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,035
  • Vacancy: $545
  • Capex: $0

Financing Assumptions

  • Down Payment: $21,250
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $638

Other Assumptions

  • Closing Cost: $ 850
  • Rental Holding Period: 4.00


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