Montgomery, AL
$ 80,000 - Buy & Hold
3.0 bd | 2.0 ba | 1,698 sqft | 1950 | $ 900 Rent
IRR
25.10 %
Yield-on-Cost
9.36 %
Cash on Cash
18.56 %
Net Monthly Cashflow
$331
Description
Buy & Hold Analysis
- IRR: 25.10 %
- Net Cashflow: $ 3,971
- Rehab Est: $ 0
- Cap Rate: 9.36 %
- Monthly Rent: $ 900
- ARV: $ 80,000
- Cash on Cash: 18.56 %
- Taxes: $ 302
Financial Analysis
- Loan Amnt: $ 60,000
- All-in Cost: $ 81,400
- Debt Coverage Ratio: 9.36 %
- Total Out of Pocket: $ 21,400
- Monthly Mortgage: $ 304
Expense Assumptions
- Prop Insurance: $ 640,000
- Vacancy: $ 540
- Prop Mgmt Fee: $ 1,080
- Maintenance: $ 540
- 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: $ 800
- Rental Holding Period: 4