A Class Turnkey 5 Bed/3 Bath, Huntsville, AL 47% IRR, 11% COC ROI

[Thomas Staub]

This property is based in the best school district for high school, Grissom, 9 out of 10. The average property is selling for $184K and those are 4 bedroom numbers. This is a 5 bedroom. The average rents for a four bedroom is $1,325 so we would push for $1,375 or $1,400 per month. The neighborhood report is attached for reference on the quality of this neighborhood, without a doubt an A+. 

SQFT: 1,972

ARV: $175K to $190K

Beds: 5

Bath: 3

Neighborhood Class: A+

Age of HVAC: 2013

Age of roof: Mid-life

Estimated Rent: $1350-$1400

Purchase Price: $157,900

1 Yr Cash on Cash ROI: 11.2%

5 Yr Avg. Cash on Cash ROI: 12.5%

5 Yr IRR: 44.3%

Rehabs completed: New flooring throughout entire home, plumbing inspection (all functioning), complete lighting upgrade, ceiling fans, flush mounts, New stainless steel appliances, new dishwasher, new hood vent, Bathroom remodel, refurbished tub, upgraded electrical outlets and switches, refurbished kitchen cabinets, new counter-tops, power-washing of home and concrete, landscaping

youtube video (currently listed on the MLS at $169,900 but am selling direct at $157,900):

https://www.youtube.com/watch?v=MUQLEgOifPk

Email me for the detailed financial analysis

[email protected]

717.856.0018

Tom Staub