4225 Keith Street NW, Huntsville, AL


$ 80,000 - Fix & Flip

4.0 bd | 1.5 ba | 1,275 sqft | 1960 | $ 1,200 Rent

ARV
$80,000
Net Profit
$-11,766
Net ROI
-13.00 %

Description

This 3/1.5 home is approximately 1,275 square feet according to tax records and was built in 1960.  It is located on a large lot with large trees and mature landscaping  The home has an updated living room with new carpet and paint. The kitchen is completely updated with granite look counter tops, tons of white cabinets and a desk area with tons of extra shelving!  This home should rent for $850-$900 per month.


Fix & Flip Analysis

  • IRR: 52.26 %
  • Net Cashflow: $ 6,797
  • Rehab Est: $ 0
  • Cap Rate: 13.45 %
  • Monthly Rent: $ 1,200
  • ARV: $ 80,000
  • Cash on Cash: 37.59 %
  • Taxes: $ 264

Financial Analysis

  • Loan Amnt: $ 64,000
  • All-in Cost: $ 82,080
  • Debt Coverage Ratio: 13.45 %
  • Total Out of Pocket: $ 18,080
  • Monthly Mortgage: $ 353

Expense Assumptions

  • Prop Insurance: $ 600
  • Vacancy: $ 720
  • Prop Mgmt Fee: $ 1,152
  • Maintenance: $ 720
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 20.00 %
  • Points: 2.00
  • Interest Rate: 5.25 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 800
  • Rental Holding Period: 12


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