4725 Coventry Road, Montgomery, AL


$ 87,000 - Buy & Hold

3.0 bd | 2.0 ba | 1,539 sqft | 1956 | $ 900 Rent

IRR
27.29 %
Yield-on-Cost
8.95 %
Cash on Cash
17.16 %
Net Monthly Cashflow
$281

Description

This 3/2 brick home has excellent curb appeal a huge lot, fenced yard and plenty of parking.   The home features a formal living room, formal dining room, hall and three bedrooms with hardwood floors, the den and kitchen have low maintenance brick paver flooring, and the bathrooms have new luxury vinyl plank.  The huge kitchen has brand new cherry stained cabinets, granite countertops and comes with a dishwasher, fridge and stove.  The hot water heater is brand new.  Bathrooms have been totally renovated with new tile showers, new bathroom vanities, new mirrors and several plumbing upgrades.  The home has totally new three tone paint inside, and the exterior has also been freshly painted, locks, door knobs, hinges and doors have all been replaced.   A storage room on the back of the house is a nice bonus. The sprawling backyard has large, beautiful trees in a park like setting.  The home should rent for $875-$900 and provide an amazing ROI.


Buy & Hold Analysis

  • IRR: 27.29 %
  • Net Cashflow: $ 3,375
  • Rehab Est: $ 0
  • Cap Rate: 8.95 %
  • Monthly Rent: $ 900
  • ARV: $ 87,000
  • Cash on Cash: 17.16 %
  • Taxes: $ 287

Financial Analysis

  • Loan Amnt: $ 69,600
  • All-in Cost: $ 89,262
  • Debt Coverage Ratio: 8.95 %
  • Total Out of Pocket: $ 19,662
  • Monthly Mortgage: $ 384

Expense Assumptions

  • Prop Insurance: $ 653
  • Vacancy: $ 540
  • Prop Mgmt Fee: $ 864
  • Maintenance: $ 540
  • 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: $ 870
  • Rental Holding Period: 12


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