6261 Lycoming Road, Montgomery, AL


$ 124,190 - Buy & Hold

3.0 bd | 2.0 ba | 1,373 sqft | 1977 yr | $ 854 Rent

IRR
26.21 %
Yield-on-Cost
8.42 %
Cash on Cash
14.99 %
Net Monthly Cashflow
$281

Description

This 3/2 brick home has 1,372 square feet according to tax records and was built in 1977, and has a fenced yard, huge trees and a great lot with tons of room for kids to run around.  The home has been nicely renovated with new flooring, paint, lighting and so much more.  This home rents for $800 per month and should be a great income producing property with solid returns.  It's in a great area surrounded by more expensive homes and with good pride of ownership.


Buy & Hold Analysis

  • ARV: $124,190
  • Yield-on-Cost: 8.42 %
  • Net Monthly Cashflow: $281
  • Monthly Rent: $854

Financial Analysis

  • Loan Amnt: $ 63,000.00
  • All-in Cost: $ 85,470.00
  • Debt Coverage Ratio: 1.88 %
  • Total Out of Pocket: $ 22,470.00
  • Monthly Mortgage: $ 319.21

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $974
  • Vacancy: $512
  • Capex: $0

Financing Assumptions

  • Down Payment: $21,000
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $630

Other Assumptions

  • Closing Cost: $ 840
  • Rental Holding Period: 4.00


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