Montgomery, AL


$ 84,900 - Buy & Hold

3.0 bd | 2.0 ba | 2,918 sqft | 1930 yr | $ 900 Rent

IRR
17.58 %
Yield-on-Cost
7.94 %
Cash on Cash
13.16 %
Net Monthly Cashflow
$274

Description

This large 3 bedroom, 2 bath investment property located in Highland Park is available for sale for the first time. Throughout the 2700+ square foot home, you will find authentic, newly resurfaced, hardwood floors, and a central heat and air system, and an attractive wrap-around front porch and carport on the outside of the home. Don't miss out on this rare opportunity to purchase a great investment property. Attention investors: Seller is willing to convert this to a duplex with an acceptable offer where the buyer pays the cost of the improvements as part of a non refundable earnest money.


Buy & Hold Analysis

  • ARV: $95,000
  • Yield-on-Cost: 7.94 %
  • Net Monthly Cashflow: $274
  • Monthly Rent: $900

Financial Analysis

  • Loan Amnt: $ 70,124.25
  • All-in Cost: $ 95,135.23
  • Debt Coverage Ratio: 1.77 %
  • Total Out of Pocket: $ 25,010.98
  • Monthly Mortgage: $ 355.31

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,026
  • Vacancy: $540
  • Capex: $0

Financing Assumptions

  • Down Payment: $23,375
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $701

Other Assumptions

  • Closing Cost: $ 935
  • Rental Holding Period: 4.00


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