Currently Occupied with solid tenant!
Montgomery, AL 36117
3 bdrm/ 2 bath - Built 2021
| Square Feet | 1,375 | | Purchase Price | $205,000 | | Initial Market Value | $205,000 | | Downpayment | $51,250 | | Closing Costs | $7,688 | | Initial Cash Invested | $58,938 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,600 | $19,200 | | Vacancy Losses | $80 | $960 | | Operating Income | $1,520 | $18,240 | | Operating Expenses | $220 | $2,639 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,300 | $15,601 | | - Mortgage Payments | $972 | $11,662 | | = Cash Flow | $328 | $3,939 | | + Principal Reduction | $143 | $1,718 | | + First-Year Appreciation | $1,025 | $12,300 | | = Gross Equity Income | $1,496 | $17,958 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 7.6% | | Cash on Cash Return | 7% | | Total Return on Investment | 30% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% |
| Comments |
|---|
Currently leased through Jan 2025.
Property was recently painted, new fridge, electrical and more.
*Client resell - seller paying 1 year PM |
*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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