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 |
|---|
| Gross Rent | $1,500 | $18,000 | | Vacancy Losses | ($120) | ($1,440) | | Operating Income | $1,380 | $16,560 |
| 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 | $0 | $0 | | Operating Expenses | ($392) | ($4,708) |
| Net Performance | Monthly | Annual |
|---|
| 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 |
|---|
| 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 | |
|---|
| 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 | |
|---|
| 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.
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*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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