New Construction
Odenville, AL 35120
3 bdrm/ 3 bath - Built 2023
| Square Feet | 1,804 | | Purchase Price | $265,000 | | Initial Market Value | $265,000 | | Downpayment | $66,250 | | Closing Costs | $9,275 | | Initial Cash Invested | $75,525 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,845 | $22,140 | | Vacancy Losses | $148 | $1,771 | | Operating Income | $1,697 | $20,369 | | Operating Expenses | $328 | $3,939 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,369 | $16,430 | | - Mortgage Payments | $1,190 | $14,284 | | = Cash Flow | $179 | $2,146 | | + Principal Reduction | $204 | $2,445 | | + First-Year Appreciation | $1,325 | $15,900 | | = Gross Equity Income | $1,708 | $20,491 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.2% | | Cash on Cash Return | 3% | | Total Return on Investment | 27% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% |
*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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