New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 3 Baths - 2 Car Garage
Square Feet | 2,108 | Initial Market Value | $347,990 | Purchase Price | $347,990 | Downpayment | $104,397 | Loan Origination Fees | $4,872 | Depreciable Closing Costs | $3,480 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $112,749 | Cost per Square Foot | $165 | Monthly Rent per Square Foot | $1.18 |
Income | Monthly | Annual |
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Gross Rent | $2,495 | $29,940 | Vacancy Losses | ($200) | ($2,395) | Operating Income | $2,295 | $27,545 |
Expenses | Monthly | Annual |
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Property Taxes | ($232) | ($2,784) | Insurance | ($130) | ($1,566) | Management Fees | ($108) | ($1,296) | Leasing/Advertising Fees | $0 | $0 | Association Fees | ($36) | ($430) | Maintenance | ($50) | ($599) | Other | $0 | $0 | Operating Expenses | ($556) | ($6,675) |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,739 | $20,870 | - Mortgage Payments | ($1,520) | ($18,236) | = Cash Flow | $219 | $2,634 | + Principal Reduction | $232 | $2,788 | + First-Year Appreciation | $1,740 | $20,879 | = Gross Equity Income | $2,192 | $26,301 | + Tax Savings | $138 | $1,656 | = GEI w/Tax Savings | $2,330 | $27,957 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 70% | 0% | Loan Amount | $243,593 | $0 | Monthly Payment | $1,519.70 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.375% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.14 | Annual Gross Rent Multiplier | 12 | Monthly Gross Rent Multiplier | 139 | Capitalization Rate | 6.0% | Cash on Cash Return | 2% | Total Return on Investment | 23% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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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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