4225 Keith Street NW, Huntsville, AL
$ 80,000 - Fix & Flip
4.0 bd | 1.5 ba | 1,275 sqft | 1960 yr | $ 1,200 Rent
ARV
$80,000
Net Profit
$-12,619
All-in Cost to ARV
105.57 %
Net ROI
-14.94 %
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
- ARV: $80,000
- Net Profit: $-12,619
- All-in Cost to ARV: 105.57 %
Financial Analysis
- Loan Amnt: $ 60,000.00
- All-in Cost: $ 84,454.71
- Debt Coverage Ratio: 2.90 %
- Total Out of Pocket: $ 24,454.71
- Monthly Mortgage: $ 304.01
Expense Assumptions
- Prop Insurance: $ 800.00
- Annual Vacancy: $ 720
- Prop Mgmt Fee: $ 1,368.00
- Maintenance Cost: 684.00
- 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: $ 800
- Rental Holding Period: 4.00