Vaughn Single Family
Montgomery, AL 36106
3bd • 2ba
3BR/2BA Townhome Home, Built in 1976
| Estimated Square Feet | 2,332 | | Initial Market Value | $174,900 | | Purchase Price | $174,900 | | Downpayment | $43,725 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $8,745 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $52,470 | | Cost per Square Foot / per Bedroom | $75 / $58,300 | | Monthly Rent per SQFT / per Bedroom | $0.64 / $500 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,500 | $18,000 | | Vacancy Losses | ($120) | ($1,440) | | Operating Income | $1,380 | $16,560 |
| Estimated Expenses | Monthly | Annual |
|---|
| 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 (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($392) | ($4,708) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $988 | $11,852 | | - Mortgage Payments | ($786) | ($9,438) | | = Cash Flow | $201 | $2,414 | | + Principal Reduction | $134 | $1,611 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $328 | $3,935 | | + First-Year Appreciation | $875 | $10,494 | | = Gross Equity Income | $1,538 | $18,454 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $131,175 | N/A | | Monthly Payment | $786.46 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.00% / 3.00% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.9% | | Debt Coverage Ratio | 1.26 | | Annual Gross Rent Multiplier | 10 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 5% | | Return on Investment | 28% | | Return on Investment with IIDD | 35% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 5% |
| Comments |
|---|
| 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.
|