New Construction in Tuscaloosa
Tuscaloosa, AL 35055
4 Beds - 2 Baths - 2 Car Gar - Built in 2023
| Square Feet | 1,769 | | Initial Market Value | $329,900 | | Purchase Price | $329,900 | | Downpayment | $82,475 | | Loan Origination Fees | $2,474 | | Depreciable Closing Costs | $9,897 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $94,846 | | Cost per Square Foot | $186 | | Monthly Rent per Square Foot | $1.13 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,995 | $23,940 | | Vacancy Losses | ($160) | ($1,915) | | Operating Income | $1,835 | $22,025 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($192) | ($2,309) | | Insurance | ($124) | ($1,485) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($25) | ($300) | | Maintenance | ($40) | ($479) | | Other | $0 | $0 | | Operating Expenses | ($381) | ($4,573) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,454 | $17,452 | | - Mortgage Payments | ($1,180) | ($14,158) | | = Cash Flow | $275 | $3,294 | | + Principal Reduction | $364 | $4,365 | | + First-Year Appreciation | $1,650 | $19,794 | | = Gross Equity Income | $2,288 | $27,453 | | + Tax Savings | $66 | $788 | | = GEI w/Tax Savings | $2,353 | $28,241 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $247,425 | $0 | | Monthly Payment | $1,179.82 | $0.00 | | Loan Type | Amortizing ARM | | | Term | 10 Years | | | Interest Rate | 3.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.23 | | Annual Gross Rent Multiplier | 14 | | Monthly Gross Rent Multiplier | 165 | | Capitalization Rate | 5.3% | | Cash on Cash Return | 3% | | Total Return on Investment | 29% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| Pre-leased until May 2025. Rate available with preferred lender. |
*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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