4137 Fitzpatrick Boulevard, Montgomery, AL


$ 102,686 - Fix & Flip

4.0 bd | 2.0 ba | 1,230 sqft | 2013 yr | $ 890 Rent

ARV
$102,686
Net Profit
$6,603
All-in Cost to ARV
83.30 %
Net ROI
7.72 %

Description

Built in 2013 this 4/2 home has 1,230 square feet according to the tax records, it's low maintenance vinyl siding and the fact that it is only 5 years old mean that it is lower maintenance than many other homes an investor could own, and that it will attract tenants drawn to new homes as opposed to the much older housing stock that is typically available in the area for this price range.  This home should rent easily for $800 per month and should provide a great return.  Don't be surprised if this house is gone in a few hours!


Fix & Flip Analysis

  • ARV: $102,686
  • Net Profit: $6,603
  • All-in Cost to ARV: 83.30 %

Financial Analysis

  • Loan Amnt: $ 60,750.00
  • All-in Cost: $ 85,538.67
  • Debt Coverage Ratio: 2.05 %
  • Total Out of Pocket: $ 24,788.67
  • Monthly Mortgage: $ 307.81

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 534
  • Prop Mgmt Fee: $ 1,014.60
  • Maintenance Cost: 507.30
  • 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: $ 810
  • Rental Holding Period: 4.00


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