New Construction in Birmingham Metro
Kimberly, AL 35091
5 Beds - 3 Baths - 2 Car Garage
| Square Feet | 2,511 | | Initial Market Value | $339,900 | | Purchase Price | $339,900 | | Downpayment | $101,970 | | Loan Origination Fees | $4,759 | | Depreciable Closing Costs | $3,399 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $110,128 | | Cost per Square Foot | $135 | | Monthly Rent per Square Foot | $0.83 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,095 | $25,140 | | Vacancy Losses | ($168) | ($2,011) | | Operating Income | $1,927 | $23,129 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($227) | ($2,719) | | Insurance | ($127) | ($1,530) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($56) | ($675) | | Maintenance | ($42) | ($503) | | Other | $0 | $0 | | Operating Expenses | ($560) | ($6,723) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,367 | $16,406 | | - Mortgage Payments | ($1,484) | ($17,812) | | = Cash Flow | ($117) | ($1,406) | | + Principal Reduction | $227 | $2,723 | | + First-Year Appreciation | $1,700 | $20,394 | | = Gross Equity Income | $1,809 | $21,711 | | + Tax Savings | $249 | $2,982 | | = GEI w/Tax Savings | $2,058 | $24,693 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $237,930 | $0 | | Monthly Payment | $1,484.37 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.92 | | Annual Gross Rent Multiplier | 14 | | Monthly Gross Rent Multiplier | 162 | | Capitalization Rate | 4.8% | | Cash on Cash Return | -1% | | Total Return on Investment | 20% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | $108 | | Maintenance Percentage | 2% |
| Comments |
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| Photos may be representative. Furniture not included. |
*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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