Property Information

SOLD
Vaughn Single Family
Montgomery, AL 36106
3BR/2BA Townhome Home, Built in 1976
Square Feet2,332
Initial Market Value$174,900
Purchase Price$174,900
Downpayment$43,725
Loan Origination Fees$0
Depreciable Closing Costs$8,745
Other Closing Costs and Fixup$0
Initial Cash Invested$52,470
Cost per Square Foot$75
Monthly Rent per Square Foot$0.64
IncomeMonthlyAnnual
Gross Rent$1,500$18,000
Vacancy Losses($120)($1,440)
Operating Income$1,380$16,560
ExpensesMonthlyAnnual
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 PerformanceMonthlyAnnual
Net Operating Income$988$11,852
- Mortgage Payments($589)($7,068)
= Cash Flow$399$4,783
+ Principal Reduction$210$2,517
+ First-Year Appreciation$875$10,494
= Gross Equity Income$1,483$17,795
+ Tax Savings$0$0
= GEI w/Tax Savings$1,483$17,795
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$131,175$0
Monthly Payment$589.03$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate3.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.68
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier117
Capitalization Rate6.8%
Cash on Cash Return9%
Total Return on Investment34%
Total ROI with Tax Savings34%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage5%
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.