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Property details
Beds4
Baths2
Square feet1,970
Year built2024
Property typeSingle Family
CountyMadison County
Proforma Buy & Hold
Cash on Cash2.44%
Cap Rate5.58%
IRR19.55%
DSCR1.10x
ARV$385,822
Equity$4,072
Purchase & Financing
| Purchase price | $375,000 |
| Closing costs | $3,750 |
| Down payment (20%) | $75,000 |
| Loan amount | $300,000 |
| Loan points | $3,000 |
| Interest rate | 4.99% |
| Loan term | 30 years |
| Total out of pocket | $81,750 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,195 | $26,340 |
| Vacancy | ($22) | ($263) |
| Property taxes | ($140) | ($1,674) |
| Insurance | ($85) | ($1,020) |
| Property management | ($152) | ($1,825) |
| Net operating income | $1,775 | $21,296 |
| Mortgage (P&I) | ($1,609) | ($19,304) |
| Net cash flow | $166 | $1,993 |
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
**Seller buying down interest with a 2/1 buydown
**1st Year Proforma
**Seller paying 1st year property management fees
– 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