Montgomery, AL


$ 59,000 - Buy & Hold

3.0 bd | 1.0 ba | 950 sqft | 1965 | $ 850 Rent

IRR
21.10 %
Yield-on-Cost
10.29 %
Cash on Cash
17.52 %
Net Monthly Cashflow
$376

Description

Excellent investment opportunity. The home was renovated and has a month-to-month tenant who would like to remain with the property. Tenant currently paying $700/month. Add this property to your investment portfolio and begin recovering on your investment immediately! Property being sold as-is.


Buy & Hold Analysis

  • IRR: 21.10 %
  • Net Cashflow: $ 4,516
  • Rehab Est: $ 10,000
  • Cap Rate: 12.00 %
  • Monthly Rent: $ 850
  • ARV: $ 65,000
  • Cash on Cash: 28.61 %
  • Taxes: $ 230

Financial Analysis

  • Loan Amnt: $ 44,250
  • All-in Cost: $ 70,033
  • Debt Coverage Ratio: 12.00 %
  • Total Out of Pocket: $ 25,783
  • Monthly Mortgage: $ 224

Expense Assumptions

  • Prop Insurance: $ 472,000
  • Vacancy: $ 510
  • Prop Mgmt Fee: $ 1,020
  • Maintenance: $ 510
  • 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: $ 590
  • Rental Holding Period: 4


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