Montgomery, AL


$ 87,600 - Buy & Hold

3.0 bd | 2.0 ba | 1,458 sqft | 1960 | $ 975 Rent

IRR
15.57 %
Yield-on-Cost
7.52 %
Cash on Cash
11.57 %
Net Monthly Cashflow
$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


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