New Construction in Birmingham Metro
Odenville, AL 35120
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,216 | | Purchase Price | $223,950 | | Initial Market Value | $223,950 | | Downpayment | $67,185 | | Closing Costs | $3,807 | | Initial Cash Invested | $70,992 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,595 | $19,140 | | Vacancy Losses | $128 | $1,531 | | Operating Income | $1,467 | $17,609 | | Operating Expenses | $403 | $4,838 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,064 | $12,771 | | - Mortgage Payments | $991 | $11,890 | | = Cash Flow | $73 | $880 | | + Principal Reduction | $146 | $1,752 | | + First-Year Appreciation | $1,120 | $13,437 | | = Gross Equity Income | $1,339 | $16,069 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.7% | | Cash on Cash Return | 1% | | Total Return on Investment | 23% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 108% |
| Comments |
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| Photos may be representative. |
*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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