New Construction in Birmingham Metro
Pinson, AL 35126
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,408 | | Initial Market Value | $299,900 | | Purchase Price | $299,900 | | Downpayment | $74,975 | | Loan Origination Fees | $2,249 | | Depreciable Closing Costs | $2,999 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $80,223 | | Cost per Square Foot | $213 | | Monthly Rent per Square Foot | $1.24 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,750 | $21,000 | | Vacancy Losses | ($140) | ($1,680) | | Operating Income | $1,610 | $19,320 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($200) | ($2,399) | | Insurance | ($112) | ($1,350) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($23) | ($276) | | Maintenance | ($35) | ($420) | | Other | $0 | $0 | | Operating Expenses | ($478) | ($5,741) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,132 | $13,579 | | - Mortgage Payments | ($1,153) | ($13,837) | | = Cash Flow | ($21) | ($258) | | + Principal Reduction | $297 | $3,565 | | + First-Year Appreciation | $1,500 | $17,994 | | = Gross Equity Income | $1,775 | $21,301 | | + Tax Savings | $158 | $1,895 | | = GEI w/Tax Savings | $1,933 | $23,197 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $224,925 | $0 | | Monthly Payment | $1,153.07 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.600% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.98 | | Annual Gross Rent Multiplier | 14 | | Monthly Gross Rent Multiplier | 171 | | Capitalization Rate | 4.5% | | Cash on Cash Return | 0% | | Total Return on Investment | 27% | | + 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. |
*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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