PRE-LEASED with 2 Years Free Management
Vance, AL 35490
4 Bed - 2 Bath - 2 Garage - Built 2023
| Square Feet | 1,620 | | Initial Market Value | $329,900 | | Purchase Price | $329,900 | | Downpayment | $82,475 | | Loan Origination Fees | $7,423 | | Depreciable Closing Costs | $9,897 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $99,795 | | Cost per Square Foot | $204 | | Monthly Rent per Square Foot | $1.05 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,695 | $20,340 | | Vacancy Losses | ($85) | ($1,017) | | Operating Income | $1,610 | $19,323 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($187) | ($2,243) | | Insurance | ($82) | ($990) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($34) | ($407) | | Other | $0 | $0 | | Operating Expenses | ($303) | ($3,640) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,307 | $15,683 | | - Mortgage Payments | ($1,405) | ($16,858) | | = Cash Flow | ($98) | ($1,175) | | + Principal Reduction | $278 | $3,333 | | + First-Year Appreciation | $1,650 | $19,794 | | = Gross Equity Income | $1,829 | $21,952 | | + Tax Savings | $223 | $2,675 | | = GEI w/Tax Savings | $2,052 | $24,627 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $247,425 | $0 | | Monthly Payment | $1,404.85 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.93 | | Annual Gross Rent Multiplier | 16 | | Monthly Gross Rent Multiplier | 195 | | Capitalization Rate | 4.8% | | Cash on Cash Return | -1% | | Total Return on Investment | 22% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| PRE-LEASED through November 2024! New construction with 12 month warranty. 2 years free property management! |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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