Montgomery, AL
$ 87,600 - Buy & Hold
3.0 bd | 2.0 ba | 1,458 sqft | 1960 | $ 975 Rent
15.57 %
7.52 %
11.57 %
$277
Description
This house is ready to become your home! Featuring a new roof, updated plumbing and electrical, new interior paint, new kitchen, updated faucets/fans/fixtures, and a newer HVAC, this home is move in ready. It is conveniently located with easy access to the areas main roadways, hospitals, shopping and restaurants. The front door opens to a bright and airy living room. The homes four bedrooms have ample closet space. The master has two closets and an ensuite with a large shower, updated fixtures and vanity. One of the bedrooms includes built in shelving and would make a great home office. The main bathroom has been updated with new fixtures and a new vanity. The eat in kitchen has updated cabinets and countertops and has a smooth top range. With all this space and natural light, you will be saying "Yes" to the house!
Buy & Hold Analysis
- IRR: 15.57 %
- Net Cashflow: $ 4,234
- Rehab Est: $ 0
- Cap Rate: 9.23 %
- Monthly Rent: $ 975
- ARV: $ 102,491
- Cash on Cash: 18.07 %
- Taxes: $ 419
Financial Analysis
- Loan Amnt: $ 80,625
- All-in Cost: $ 109,381
- Debt Coverage Ratio: 9.23 %
- Total Out of Pocket: $ 28,756
- Monthly Mortgage: $ 409
Expense Assumptions
- Prop Insurance: $ 700,800
- Vacancy: $ 585
- Prop Mgmt Fee: $ 1,170
- Maintenance: $ 585
- 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: $ 876
- Rental Holding Period: 4