New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 3 Baths - 2 Car Garage
| Square Feet | 2,108 | | Initial Market Value | $337,565 | | Purchase Price | $337,565 | | Downpayment | $101,270 | | Loan Origination Fees | $4,726 | | Depreciable Closing Costs | $3,376 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $109,371 | | Cost per Square Foot | $160 | | Monthly Rent per Square Foot | $1.18 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,495 | $29,940 | | Vacancy Losses | ($200) | ($2,395) | | Operating Income | $2,295 | $27,545 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($225) | ($2,701) | | Insurance | ($127) | ($1,519) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($42) | ($504) | | Maintenance | ($50) | ($599) | | Other | $0 | $0 | | Operating Expenses | ($552) | ($6,618) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,744 | $20,926 | | - Mortgage Payments | ($1,474) | ($17,690) | | = Cash Flow | $270 | $3,236 | | + Principal Reduction | $225 | $2,704 | | + First-Year Appreciation | $1,688 | $20,254 | | = Gross Equity Income | $2,183 | $26,195 | | + Tax Savings | $114 | $1,373 | | = GEI w/Tax Savings | $2,297 | $27,567 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $236,296 | $0 | | Monthly Payment | $1,474.18 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.18 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 135 | | Capitalization Rate | 6.2% | | Cash on Cash Return | 3% | | Total Return on Investment | 24% | | + 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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