New Construction, PRE-LEASED until March 2025!
Jasper, AL 35501
4 Beds - 2.5 Baths - 2 Car Gar - Built in 2023
| Square Feet | 1,906 | | Purchase Price | $301,900 | | Initial Market Value | $301,900 | | Downpayment | $75,475 | | Closing Costs | $12,076 | | Initial Cash Invested | $87,551 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,770 | $21,240 | | Vacancy Losses | $89 | $1,062 | | Operating Income | $1,682 | $20,178 | | Operating Expenses | $287 | $3,444 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,395 | $16,734 | | - Mortgage Payments | $1,080 | $12,956 | | = Cash Flow | $315 | $3,778 | | + Principal Reduction | $333 | $3,994 | | + First-Year Appreciation | $1,510 | $18,114 | | = Gross Equity Income | $2,157 | $25,886 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.5% | | Cash on Cash Return | 4% | | Total Return on Investment | 30% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% |
| Comments |
|---|
| 10 year ARM @ 3.99%;1 year free mgt; Leased to Mar '25 |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|
