4729 Blue Haven Drive, Huntsville, AL


$ 104,640 - Buy & Hold

4.0 bd | 2.0 ba | 1,636 sqft | 1970 yr | $ 1,200 Rent

IRR
36.36 %
Yield-on-Cost
11.50 %
Cash on Cash
26.70 %
Net Monthly Cashflow
$536

Description

This 4/2 home is located just behind the brand new state of the art high school, and has been totally renovated including:  a completely new kitchen, new appliances, new flooring, paint, lighting, bathroom cabinets and so much more.  I believe the hvac on this one was also recently replaced.  The home has a huge formal living room, eat in kitchen, and a large den on the terrace level.  A nice cement patio in the large back yard is perfect for grilling.  The home  has a one car garage which provides plenty of storage.  We believe this home should rent for $900-950 per month and provide a great cash flow.


Buy & Hold Analysis

  • ARV: $104,640
  • Yield-on-Cost: 11.50 %
  • Net Monthly Cashflow: $536
  • Monthly Rent: $1,200

Financial Analysis

  • Loan Amnt: $ 67,500.00
  • All-in Cost: $ 91,575.00
  • Debt Coverage Ratio: 2.57 %
  • Total Out of Pocket: $ 24,075.00
  • Monthly Mortgage: $ 342.01

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,368
  • Vacancy: $720
  • Capex: $0

Financing Assumptions

  • Down Payment: $22,500
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $675

Other Assumptions

  • Closing Cost: $ 900
  • Rental Holding Period: 4.00


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