New Construction in Birmingham Metro
Pinson, AL 35126
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,610 | | Initial Market Value | $332,900 | | Purchase Price | $332,900 | | Downpayment | $83,225 | | Loan Origination Fees | $2,497 | | Depreciable Closing Costs | $3,329 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $89,051 | | Cost per Square Foot | $207 | | Monthly Rent per Square Foot | $1.13 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,825 | $21,900 | | Vacancy Losses | ($146) | ($1,752) | | Operating Income | $1,679 | $20,148 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($222) | ($2,663) | | Insurance | ($125) | ($1,498) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($23) | ($276) | | Maintenance | ($37) | ($438) | | Other | $0 | $0 | | Operating Expenses | ($514) | ($6,171) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,165 | $13,977 | | - Mortgage Payments | ($1,280) | ($15,359) | | = Cash Flow | ($115) | ($1,383) | | + Principal Reduction | $330 | $3,957 | | + First-Year Appreciation | $1,665 | $19,974 | | = Gross Equity Income | $1,879 | $22,548 | | + Tax Savings | $207 | $2,480 | | = GEI w/Tax Savings | $2,086 | $25,029 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $249,675 | $0 | | Monthly Payment | $1,279.94 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.600% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.91 | | Annual Gross Rent Multiplier | 15 | | Monthly Gross Rent Multiplier | 182 | | Capitalization Rate | 4.2% | | Cash on Cash Return | -2% | | Total Return on Investment | 25% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | $108 | | Maintenance Percentage | 2% |
| Comments |
|---|
| 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.
|
