Montgomery, AL | 3 unit SFR


Suggested Price
$130,000
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Min Purchase
3 of 3
Avg Price
$43,333
Avg Sqft
1,124
Avg Year Built
1947
Financial Highlight
Rent
Monthly Average
$605
Monthly Total
$1,815
Occupancy
100.0%
Levered IRR
23.2%
Cap Rate
11.3%
Gross Yield
16.8%
Net Income
$14,734
Appreciation
0.8%
3bd, 1ba | 1,050sqft
Current Rent
$595
Neighborhood
2433 Woodlawn St
Montgomery, AL 36106
3bd, 2ba | 1,505sqft
Current Rent
$625
Neighborhood
2304 E 4th St
Montgomery, AL 36106
2bd, 1ba | 816sqft
Current Rent
$595
Neighborhood
309 Bradley Dr
Montgomery, AL 36109
Manage Assumptions
Appreciation
0.8%
Financing
75%
Loan Interest Rate
4.250%
Rent Growth
3.00%
Vacancy Rate
5.00%
Operating Expenses Details
Property Management
8.00%
Leasing Fees
2.00%
Property Taxes
0.63%
Insurance
0.60%
Repairs & Maintenance
11.00%
Capital Expenditures
$690
Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Gross Rent $21,780 $22,433 $23,106 $23,800 $24,514
Economic Vacancy Factor -$1,089 -$1,122 -$1,155 -$1,190 -$1,226
Net Revenue $20,691 $21,312 $21,951 $22,610 $23,288
EXPENSES
Property Management -$1,655 -$1,705 -$1,756 -$1,809 -$1,863
Leasing Fees -$414 -$426 -$439 -$452 -$466
HOA Fees $0 $0 $0 $0 $0
Property Taxes -$819 -$826 -$833 -$839 -$846
Insurance -$780 -$786 -$793 -$799 -$806
Repairs & Maintenance -$2,276 -$2,344 -$2,415 -$2,487 -$2,562
Operating Expenses -$5,957 -$6,101 -$6,249 -$6,400 -$6,556
TOTAL OPERATING CASH FLOW
Net Operating Income $14,734 $15,211 $15,702 $16,209 $16,731
Net Operating Income Margin 71.2% 71.4% 71.5% 71.7% 71.8%
CAPITAL EXPENDITURES RESERVE -$2,069 -$2,131 -$2,195 -$2,261 -$2,329
PROPERTY PURCHASE AND SALE
Purchase / Sale Price -$130,000 $134,339
Acquisition Fees / Closing Costs -$3,575
Contingency $0
Disposition Fees / Closing Costs -$4,741
Net Purchase / Sale Proceeds -$133,575 $129,598
FINANCING
Down Payment -$32,500
Loan Fees -$975
Loan Payments $5,756 $5,756 $5,756 $5,756 $5,756
Loan Balance $97,500 $95,856 $94,141 $92,352 $90,485 $88,538
Total Financing / Debt Service Cash Flows -$33,475 -$5,756 -$5,756 -$5,756 -$5,756 -$5,756
RETURN
Unlevered Cash Flow -$133,575 $13,080 $13,507 $13,948 $14,403 $129,598
Levered Cash Flow -$36,075 $7,324 $7,752 $8,193 $8,647 $41,061
Unlevered IRR 8.5%
Levered IRR 23.2%

This Financial Pro Forma is provided to you for informational and general guidance purposes only. It is an estimate of a possible financial return on your real estate purchase and may not be indicative of your actual results. Your actual results may vary and Roofstock makes no guarantee as to the actual results of your purchase of the property. The numbers below are based upon calculations using: (i) the online Property Assumptions under "Manage Assumptions" which you should review and understand prior to investing and (ii) numbers and effects are based upon general financial and economic averages, assumptions and conditions nationwide and in the real estate industry generally. All Property Assumptions initially provided to you on the site are based upon the reasonable assumptions by Roofstock as to the property, its market and general economic conditions and are not guarantees of actual results or numbers.

Financial and real estate market conditions as well as economic drivers such as interest rates, inflation, expenses, and taxation are subject to rapid fluctuations and your results may differ in each geographic market.

This Financial Pro Forma is not to be used as a financial plan or as investment or real estate advice and is not intended as part of a recommendation to purchase any investment property.


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