Montgomery Alabama Investment Property

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Montgomery Alabama Investment Property
Rental Income Protection for Investment Property


 Fairfax Court, Montgomery, 36109  [MFA]
1 Photo
Home for sale: Fairfax Court, Montgomery, AL
   
Purchase Price: $83,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $850
Bedrooms: 3 Property Tax: $29
Bathrooms: 2 Insurance/HOA: $45
Size: (sq ft) 1,161  Property Mgmt: $68
Price/Sq foot:  $71 Cash Flow: (Raw) $708
Year Built: 1970 Cap Rate: 10.2%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.7
This property has 3 bedrooms and 2 bathrooms, has been newly renovated.
 Meriwether Road 36117, Montgomery, 36117  [ROI]
21 Photos
Home for sale: Meriwether Road 36117, Montgomery, AL
   
Purchase Price: $225,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,800
Bedrooms: 3 Property Tax: $139
Bathrooms: 3 Insurance/HOA: $71
Size: (sq ft) 2,367  Property Mgmt: $144
Price/Sq foot:  $95 Cash Flow: (Raw) $1,446
Year Built: 1975 Cap Rate: 7.7%
Parking: 2 Rent/Value Ratio: 0.8%
Neighborhood: A– DealGrader™: 7.3
Built in 1992 this three sided brick home features a covered rocking chair front porch, tiled foyer, multiple trey ceilings, chair rail, crowned moldings, fabulous brick fireplace, eat in kitchen with bay window, covered back patio, and huge yard.  
 Stroll Drive Montgomery, Montgomery, 36117  [ROI]
24 Photos
Home for sale: Stroll Drive Montgomery, Montgomery, AL
   
Purchase Price: $125,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $950
Bedrooms: 3 Property Tax: $76
Bathrooms: 2 Insurance/HOA: $46
Size: (sq ft) 1,666  Property Mgmt: $76
Price/Sq foot:  $75 Cash Flow: (Raw) $752
Year Built: 1972 Cap Rate: 7.2%
Parking: 2 Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.2
This 3/2 home is in a neighborhood shows great pride of ownership, and it’s very close to the mall. The four sided brick home has a fenced yard, an enclosed courtyard and another courtyard off of the owners suite. There is a in-ground pool with a brand new liner and pump system. The home has a nice tiled foyer, a formal living and dining room, and a large great room with a fireplace and French Doors. The Kitchen is also large, has new appliances, tons of cabinet space and tiled floors. The owners suite has a walk in closet and large bath. Both bathrooms have granite tile countertops. One secondary bedroom has a bench window seat. 

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Overview


Montgomery is a relatively large city located in the state of Alabama. With a population of 200,602 people and 58 constituent neighborhoods, Montgomery is the second largest community in Alabama.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Montgomery is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Montgomery is a city of sales and office workers, professionals, and service providers. There are especially a lot of people living in Montgomery who work in office and administrative support (13.70%), sales jobs (11.80%), and management occupations (9.24%).

Also of interest is that Montgomery has more people living here who work in computers and math than 95% of the places in the US. .

Montgomery Information and Demographics

The education level of Montgomery citizens is substantially higher than the typical US community, as 30.98% of adults in Montgomery have at least a bachelor's degree.

The per capita income in Montgomery in 2010 was $24,430, which is upper middle income relative to Alabama, and middle income relative to the rest of the US. This equates to an annual income of $97,720 for a family of four. However, Montgomery contains both very wealthy and poor people as well.

Montgomery is an extremely ethnically-diverse city. The people who call Montgomery home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Montgomery residents report their race to be Black or African-American, followed by White. Important ancestries of people in Montgomery include German, Irish, Scottish, and Scots-Irish.

The most common language spoken in Montgomery is English. Other important languages spoken here include Spanish and Korean.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Median Price Trends — Montgomery, AL
Market Inventory Trends — Montgomery, AL
Average Days on Market — Montgomery, AL
Market Action Index — Montgomery, AL

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Historical Rental Rates — Montgomery, AL
Chart Temporarily Unavailable

The chart above shows average housing rental rates.  Twelve month historic rental rates are based on rental data for the market in each month.

Neighborhood and valuation information by Realtor.com. Information deemed reliable but not guaranteed.

Unemployment Rate Trends — Montgomery, AL
Unemployment Rate Trends - Montgomery, Alabama
            Montgomery, Alabama, National.   (Recessions shown as gray bars.)
Total Employment Trends — Montgomery, AL
Total Employment - Montgomery, Alabama
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Montgomery, AL
Real Median Household Income Trends - Montgomery, Alabama
            Montgomery, Alabama, National.
Home Rent-to-Mortgage Payment Ratio — Montgomery, AL
Home Rent-to-Mortgage Payment Ratio - Montgomery, Alabama

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Montgomery was 0.82 in March 2014.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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