3252 Cheltenham Dr, Montgomery, AL


$ 89,900 - Buy & Hold

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

IRR
29.01 %
Yield-on-Cost
9.26 %
Cash on Cash
18.57 %
Net Monthly Cashflow
$310

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

  • IRR: 29.01 %
  • Net Cashflow: $ 3,651
  • Rehab Est: $ 0
  • Cap Rate: 9.13 %
  • Monthly Rent: $ 975
  • ARV: $ 89,900
  • Cash on Cash: 17.97 %
  • Taxes: $ 579

Financial Analysis

  • Loan Amnt: $ 70,973
  • All-in Cost: $ 91,023
  • Debt Coverage Ratio: 9.13 %
  • Total Out of Pocket: $ 20,050
  • Monthly Mortgage: $ 392

Expense Assumptions

  • Prop Insurance: $ 674
  • Vacancy: $ 585
  • Prop Mgmt Fee: $ 936
  • Maintenance: $ 585
  • 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: $ 899
  • Rental Holding Period: 12


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