New Construction in Birmingham Metro
Pinson, AL 35126
5 Beds - 2.5 Baths - 2 Car Garage
| Square Feet | 2,619 | | Initial Market Value | $362,900 | | Purchase Price | $362,900 | | Downpayment | $90,725 | | Loan Origination Fees | $2,722 | | Depreciable Closing Costs | $3,629 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $97,076 | | Cost per Square Foot | $139 | | Monthly Rent per Square Foot | $0.74 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,925 | $23,100 | | Vacancy Losses | ($154) | ($1,848) | | Operating Income | $1,771 | $21,252 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($242) | ($2,903) | | Insurance | ($136) | ($1,633) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($23) | ($276) | | Maintenance | ($39) | ($462) | | Other | $0 | $0 | | Operating Expenses | ($548) | ($6,570) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,223 | $14,682 | | - Mortgage Payments | ($1,395) | ($16,743) | | = Cash Flow | ($172) | ($2,062) | | + Principal Reduction | $359 | $4,314 | | + First-Year Appreciation | $1,815 | $21,774 | | = Gross Equity Income | $2,002 | $24,026 | | + Tax Savings | $241 | $2,894 | | = GEI w/Tax Savings | $2,243 | $26,920 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $272,175 | $0 | | Monthly Payment | $1,395.29 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.600% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.88 | | Annual Gross Rent Multiplier | 16 | | Monthly Gross Rent Multiplier | 189 | | Capitalization Rate | 4.0% | | 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 |
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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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