3.99% Rate for 10 years and Leased near Tuscaloosa
Brookwood, AL 35444
4 Bed - 2 Bath - 2 Car Garage - Built 2023
| Square Feet | 1,620 | | Initial Market Value | $329,900 | | Purchase Price | $329,900 | | Downpayment | $82,475 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $13,196 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $95,671 | | Cost per Square Foot | $204 | | 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 | ($192) | ($2,309) | | Insurance | ($82) | ($990) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($35) | ($420) | | Other | $0 | $0 | | Operating Expenses | ($310) | ($3,719) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,353 | $16,231 | | - Mortgage Payments | ($1,180) | ($14,158) | | = Cash Flow | $173 | $2,073 | | + Principal Reduction | $364 | $4,365 | | + First-Year Appreciation | $1,650 | $19,794 | | = Gross Equity Income | $2,186 | $26,232 | | + Tax Savings | $104 | $1,248 | | = GEI w/Tax Savings | $2,290 | $27,480 |
| | 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 | 1.15 | | Annual Gross Rent Multiplier | 16 | | Monthly Gross Rent Multiplier | 189 | | Capitalization Rate | 4.9% | | Cash on Cash Return | 2% | | Total Return on Investment | 27% | | + 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 Apr '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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