3252 Cheltenham Dr, Montgomery, AL


$ 89,900 - Buy & Hold

3.0 bd | 2.0 ba | 1,705 sqft | 1963 yr | $ 975 Rent

IRR
22.30 %
Yield-on-Cost
8.94 %
Cash on Cash
16.95 %
Net Monthly Cashflow
$335

Description

Gorgeous home on a large corner lot at 3253 Cheltenham Drive! This beauty has 3 bedrooms, 2 baths and a two car garage! This home has lots of space, it includes a living area and a den which are both spacious and have plush carpet all throughout! Kitchen features a cooktop and wall oven unit. Bedrooms are large and have nice closet space! The backyard is big and has a patio.


Buy & Hold Analysis

  • ARV: $89,900
  • Yield-on-Cost: 8.94 %
  • Net Monthly Cashflow: $335
  • Monthly Rent: $975

Financial Analysis

  • Loan Amnt: $ 66,537.45
  • All-in Cost: $ 90,269.14
  • Debt Coverage Ratio: 1.99 %
  • Total Out of Pocket: $ 23,731.69
  • Monthly Mortgage: $ 337.14

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,112
  • Vacancy: $585
  • Capex: $0

Financing Assumptions

  • Down Payment: $22,179
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $665

Other Assumptions

  • Closing Cost: $ 887
  • Rental Holding Period: 4.00


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