3.99% Rate for 10 years and Leased!
Jasper, AL 35501
3 BR 2 BA Built in 2023
| Square Feet | 1,613 | | Initial Market Value | $274,400 | | Purchase Price | $274,400 | | Downpayment | $68,600 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $10,976 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $79,576 | | Cost per Square Foot | $170 | | Monthly Rent per Square Foot | $1.08 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,750 | $21,000 | | Vacancy Losses | ($88) | ($1,050) | | Operating Income | $1,663 | $19,950 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($160) | ($1,921) | | Insurance | ($69) | ($823) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($35) | ($420) | | Other | $0 | $0 | | Operating Expenses | ($264) | ($3,164) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,399 | $16,786 | | - Mortgage Payments | ($981) | ($11,776) | | = Cash Flow | $418 | $5,010 | | + Principal Reduction | $303 | $3,630 | | + First-Year Appreciation | $1,372 | $16,464 | | = Gross Equity Income | $2,092 | $25,104 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $2,092 | $25,104 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $205,800 | $0 | | Monthly Payment | $981.33 | $0.00 | | Loan Type | Amortizing ARM | | | Term | 10 Years | | | Interest Rate | 3.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.43 | | Annual Gross Rent Multiplier | 13 | | Monthly Gross Rent Multiplier | 157 | | Capitalization Rate | 6.1% | | Cash on Cash Return | 6% | | Total Return on Investment | 32% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| 10 year ARM @ 3.99%;1 year free mgt; Leased to May '25 |
*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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