New Construction in Badlwin County
Daphne, AL 36526
4 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,787 | | Initial Market Value | $320,308 | | Purchase Price | $320,208 | | Downpayment | $80,052 | | Loan Origination Fees | $2,402 | | Depreciable Closing Costs | $3,202 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $85,656 | | Cost per Square Foot | $179 | | Monthly Rent per Square Foot | $1.28 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,295 | $27,540 | | Vacancy Losses | ($184) | ($2,203) | | Operating Income | $2,111 | $25,337 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($213) | ($2,562) | | Insurance | ($120) | ($1,441) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($44) | ($525) | | Maintenance | ($46) | ($551) | | Other | $0 | $0 | | Operating Expenses | ($531) | ($6,374) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,580 | $18,962 | | - Mortgage Payments | ($1,518) | ($18,215) | | = Cash Flow | $62 | $747 | | + Principal Reduction | $224 | $2,684 | | + First-Year Appreciation | $1,610 | $19,318 | | = Gross Equity Income | $1,896 | $22,750 | | + Tax Savings | $172 | $2,058 | | = GEI w/Tax Savings | $2,067 | $24,808 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $240,156 | $0 | | Monthly Payment | $1,517.95 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.04 | | Annual Gross Rent Multiplier | 12 | | Monthly Gross Rent Multiplier | 140 | | Capitalization Rate | 5.9% | | Cash on Cash Return | 1% | | 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. Furniture not included.
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*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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