New Construction in Birmingham Metro
Mount Olive, AL 35117
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,272 | | Purchase Price | $266,900 | | Initial Market Value | $266,900 | | Downpayment | $80,070 | | Closing Costs | $4,537 | | Initial Cash Invested | $84,607 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,725 | $20,700 | | Vacancy Losses | $138 | $1,656 | | Operating Income | $1,587 | $19,044 | | Operating Expenses | $451 | $5,406 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,136 | $13,638 | | - Mortgage Payments | $1,181 | $14,171 | | = Cash Flow | ($44) | ($533) | | + Principal Reduction | $174 | $2,088 | | + First-Year Appreciation | $1,335 | $16,014 | | = Gross Equity Income | $1,464 | $17,569 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.1% | | Cash on Cash Return | -1% | | Total Return on Investment | 21% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 108% |
| Comments |
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| Photos may be representative. Furniture not included. |
*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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