Vaughn Single Family
Montgomery, AL 36106
3BR/2BA Townhome Home, Built in 1976
Square Feet | 2,332 | Initial Market Value | $174,900 | Purchase Price | $174,900 | Downpayment | $43,725 | Loan Origination Fees | $2,951 | Depreciable Closing Costs | $8,745 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $55,421 | Cost per Square Foot | $75 | Monthly Rent per Square Foot | $0.64 |
Income | Monthly | Annual |
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Gross Rent | $1,500 | $18,000 | Vacancy Losses | ($120) | ($1,440) | Operating Income | $1,380 | $16,560 |
Expenses | Monthly | Annual |
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Property Taxes | ($105) | ($1,259) | Insurance | ($102) | ($1,224) | Management Fees | ($110) | ($1,325) | Leasing/Advertising Fees | $0 | $0 | Association Fees | $0 | $0 | Maintenance | ($75) | ($900) | Other | $0 | $0 | Operating Expenses | ($392) | ($4,708) |
Net Performance | Monthly | Annual |
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Net Operating Income | $988 | $11,852 | - Mortgage Payments | ($872) | ($10,462) | = Cash Flow | $116 | $1,390 | + Principal Reduction | $111 | $1,335 | + First-Year Appreciation | $875 | $10,494 | = Gross Equity Income | $1,102 | $13,219 | + Tax Savings | $77 | $920 | = GEI w/Tax Savings | $1,178 | $14,138 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $131,175 | $0 | Monthly Payment | $871.83 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.13 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 117 | Capitalization Rate | 6.8% | Cash on Cash Return | 3% | Total Return on Investment | 24% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 5% |
Comments |
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Occupied 3BR/2BA home is centrally located in the off Vaughn road. Fabulous home with lots of space. Great yard with beautiful private patio & arbor. This is an assignment contract. Tenant to renew lease in June.
| *Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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