Vaughn Single Family
Montgomery, AL 36106
3 bedrooms 2 bathrooms
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 | $2,624 | | Depreciable Closing Costs | $8,745 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $55,094 | | Cost per Square Foot | $75 | | Monthly Rent per Square Foot | $0.64 |
| 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 | ($808) | ($9,692) | | = Cash Flow | $180 | $2,160 | | + Principal Reduction | $128 | $1,537 | | + First-Year Appreciation | $875 | $10,494 | | = Gross Equity Income | $1,183 | $14,191 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $131,175 | $0 | | Monthly Payment | $807.67 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.250% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.9% | | Debt Coverage Ratio | 1.22 | | Annual Gross Rent Multiplier | 10 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 4% | | Return on Investment | 26% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | 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.
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