749 Saint Martins Drive, Pike Road, AL


$ 193,200 - Fix & Flip

3.0 bd | 2.0 ba | 1,146 sqft | 1985 yr | $ 895 Rent

ARV
$193,200
Net Profit
$81,378
All-in Cost to ARV
49.56 %
Net ROI
84.99 %

Description

This is a gorgeous 3/2 with 1,146 square feet. It features a large living room that flows into a formal dining area. There is a galley kitchen with brand new white shaker cabinets complete with self closing doors. The kitchen also has granite countertops with a under-mount stainless steel sink, plus new fixtures and appliances. The kitchen and dining area have beautiful tile floors while the rest of the flooring in the house is durable, waterproof luxury vinyl plank or LVP. There is three-tone paint throughout and new lighting. And don't forget the bathrooms. The master bath has a huge tiled shower. Both bathrooms feature new vanities and tops as well as new toilets. Finally, this property is in the "path of progress" where economic development growth is and will likely continue to take place.


Fix & Flip Analysis

  • ARV: $193,200
  • Net Profit: $81,378
  • All-in Cost to ARV: 49.56 %

Financial Analysis

  • Loan Amnt: $ 67,500.00
  • All-in Cost: $ 95,750.87
  • Debt Coverage Ratio: 1.85 %
  • Total Out of Pocket: $ 28,250.87
  • Monthly Mortgage: $ 342.01

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 537
  • Prop Mgmt Fee: $ 1,020.30
  • Maintenance Cost: 510.15
  • 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: $ 900
  • Rental Holding Period: 4.00


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