New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 3 Baths - 3 Car Garage
| Square Feet | 2,377 | | Initial Market Value | $378,315 | | Purchase Price | $378,315 | | Downpayment | $113,495 | | Loan Origination Fees | $5,296 | | Depreciable Closing Costs | $3,783 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $122,574 | | Cost per Square Foot | $159 | | Monthly Rent per Square Foot | $1.07 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,550 | $30,600 | | Vacancy Losses | ($204) | ($2,448) | | Operating Income | $2,346 | $28,152 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($252) | ($3,027) | | Insurance | ($142) | ($1,702) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($36) | ($430) | | Maintenance | ($51) | ($612) | | Other | $0 | $0 | | Operating Expenses | ($589) | ($7,067) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,757 | $21,085 | | - Mortgage Payments | ($1,652) | ($19,826) | | = Cash Flow | $105 | $1,259 | | + Principal Reduction | $253 | $3,031 | | + First-Year Appreciation | $1,892 | $22,699 | | = Gross Equity Income | $2,249 | $26,989 | | + Tax Savings | $196 | $2,351 | | = GEI w/Tax Savings | $2,445 | $29,340 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $264,821 | $0 | | Monthly Payment | $1,652.14 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.06 | | Annual Gross Rent Multiplier | 12 | | Monthly Gross Rent Multiplier | 148 | | Capitalization Rate | 5.6% | | 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 | 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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