4226 Keith Street, Huntsville, AL


$ 80,000 - Buy & Hold

4.0 bd | 2.0 ba | 1,148 sqft | 1960 yr | $ 950 Rent

IRR
26.64 %
Yield-on-Cost
14.69 %
Cash on Cash
19.08 %
Net Monthly Cashflow
$583

Description

Coming Soon, Just Under Contract!  We also )renovated the house at 4225 Keith Street, and were excited to get this one under contract as well.  It will get a new roof, new hvac, new kitchen, granite, new appliances, new bathroom with new tub, new tile, new vanities, new interior an exterior paint, hardwood floors will be refinished, new lighting and so much more.  You won't believe the transition when this house is done.  It will be a 4 bedroom home and we are looking to see if it's possible to do a second bath as well (consultation with plumber will determine).  Huntsville properties in this price range that are renovated to this level are very hard to come by, so jump on it before it's gone!


Buy & Hold Analysis

  • ARV: $103,787
  • Yield-on-Cost: 14.69 %
  • Net Monthly Cashflow: $583
  • Monthly Rent: $950

Financial Analysis

  • Loan Amnt: $ 18,750.00
  • All-in Cost: $ 55,437.50
  • Debt Coverage Ratio: 7.14 %
  • Total Out of Pocket: $ 36,687.50
  • Monthly Mortgage: $ 95.00

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,083
  • Vacancy: $570
  • Capex: $0

Financing Assumptions

  • Down Payment: $6,250
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $188

Other Assumptions

  • Closing Cost: $ 250
  • Rental Holding Period: 4.00


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