4322 Barry St. NW, Huntsville, AL


$ 84,000 - Fix & Flip

3.0 bd | 1.0 ba | 1,350 sqft | 1958 yr | $ 925 Rent

ARV
$84,000
Net Profit
$-14,039
All-in Cost to ARV
105.46 %
Net ROI
-15.85 %

Description

This pretty 3/1 in in North Huntsville has been freshly renovated. It features new flooring, as well as a new roof. The HVAC is also new. The entire interior and exterior has been painted. There is large, fenced backyard. The interior features a beautifully updated kitchen, a family room with vaulted ceiling, and beautifully remodeled bathrooms.

This property has a target rent of $800 to 850 per month and should be an excellent cash flow, rent-ready, income producing property.  This is not guaranteed and is only a projection based upon past experience, rents change according to season and you should get your own rental comps and verify with the property manager of your choice.

ROI Turnkey Properties LLC brings this property to you through a relationship in our network that professionally renovates properties, this is not a property we own, rather through ROI Realty, our Alabama real estate brokerage, we will write up the contract for you and be compensated 3% by the seller.  We will discuss types of agency available prior to writing an offer on this property.  Any related referral fees will be negotiated with the seller as part of the transaction and built into the price.


Fix & Flip Analysis

  • ARV: $84,000
  • Net Profit: $-14,039
  • All-in Cost to ARV: 105.46 %

Financial Analysis

  • Loan Amnt: $ 63,000.00
  • All-in Cost: $ 88,582.36
  • Debt Coverage Ratio: 1.97 %
  • Total Out of Pocket: $ 25,582.36
  • Monthly Mortgage: $ 319.21

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 555
  • Prop Mgmt Fee: $ 1,054.50
  • Maintenance Cost: 527.25
  • 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: $ 840
  • Rental Holding Period: 4.00


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