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Property details
Beds4
Baths2
Square feet1,550
Year built2024
Property typeSingle Family
CountyMadison County
Proforma Buy & Hold
Cash on Cash3.96%
Cap Rate5.48%
IRR20.56%
DSCR1.19x
ARV$425,000
Equity$-11,050
Purchase & Financing
| Purchase price | $425,000 |
| Closing costs | $4,250 |
| Down payment (20%) | $85,000 |
| Loan amount | $340,000 |
| Loan points | $6,800 |
| Interest rate | 4.25% |
| Loan term | 30 years |
| Total out of pocket | $96,050 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,300 | $27,600 |
| Vacancy | ($23) | ($276) |
| Property taxes | ($142) | ($1,700) |
| Insurance | ($100) | ($1,200) |
| Net operating income | $1,990 | $23,878 |
| Mortgage (P&I) | ($1,673) | ($20,071) |
| Net cash flow | $317 | $3,806 |
View full proforma & projections
Projections are based on current rent, taxes, insurance and financing assumptions and are estimates only. Verify all figures independently before investing.
About this property
– Located in Madison County
– 2 car garage
– Granite Counter tops
– LVP flooring
– Community Mailbox
– 1 block away from an elementary and high school
– 20min drive to Guntersville Lake
– 20min drive to Huntsville, AL
– 1 park located inside the subdivision