Montgomery, AL


$ 110,000 - Buy & Hold

3.0 bd | 1.0 ba | 1,520 sqft | 1954 yr | $ 1,150 Rent

IRR
20.23 %
Yield-on-Cost
8.44 %
Cash on Cash
8.60 %
Net Monthly Cashflow
$180

Description


Buy & Hold Analysis

  • ARV: $120,000
  • Yield-on-Cost: 8.44 %
  • Net Monthly Cashflow: $180
  • Monthly Rent: $1,150

Financial Analysis

  • Loan Amnt: $ 92,000.00
  • All-in Cost: $ 117,070.00
  • Debt Coverage Ratio: 1.28 %
  • Total Out of Pocket: $ 25,070.00
  • Monthly Mortgage: $ 643.28

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,311
  • Vacancy: $690
  • Capex: $0

Financing Assumptions

  • Down Payment: $23,000
  • Interest Rate: 7.50 %
  • Loan Term Months: 360.00
  • Points: $920

Other Assumptions

  • Closing Cost: $ 1,150
  • Rental Holding Period: 4.00


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