Montgomery, AL
$ 75,000 - Buy & Hold
3.0 bd | 2.0 ba | 1,623 sqft | 1964 | $ 975 Rent
IRR
33.86 %
Yield-on-Cost
10.95 %
Cash on Cash
24.60 %
Net Monthly Cashflow
$411
Description
Buy & Hold Analysis
- IRR: 33.86 %
- Net Cashflow: $ 4,935
- Rehab Est: $ 0
- Cap Rate: 10.95 %
- Monthly Rent: $ 975
- ARV: $ 82,972
- Cash on Cash: 24.60 %
- Taxes: $ 293
Financial Analysis
- Loan Amnt: $ 56,250
- All-in Cost: $ 76,313
- Debt Coverage Ratio: 10.95 %
- Total Out of Pocket: $ 20,063
- Monthly Mortgage: $ 285
Expense Assumptions
- Prop Insurance: $ 600,000
- 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: $ 750
- Rental Holding Period: 4