New Construction Greater Birmingham Area
Pell City, AL 35128
3 Bed - 2 Bath - New Construction
| Square Feet | 2,000 | | Purchase Price | $299,900 | | Initial Market Value | $299,900 | | Downpayment | $74,975 | | Closing Costs | $8,298 | | Initial Cash Invested | $83,273 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $2,050 | $24,600 | | Vacancy Losses | $164 | $1,968 | | Operating Income | $1,886 | $22,632 | | Operating Expenses | $343 | $4,115 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,543 | $18,517 | | - Mortgage Payments | $1,534 | $18,413 | | = Cash Flow | $9 | $104 | | + Principal Reduction | $181 | $2,177 | | + First-Year Appreciation | $1,500 | $17,994 | | = Gross Equity Income | $1,690 | $20,275 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.2% | | Cash on Cash Return | 0% | | Total Return on Investment | 24% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 60% |
| Comments |
|---|
| Beautiful 3 bedroom 2 bath in a popular area outside of Birmingham. Easy access to dining, shopping and fun on the lake! |
*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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