New Construction in Birmingham Metro
Odenville, AL 35120
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,377 | | Purchase Price | $225,870 | | Initial Market Value | $225,870 | | Downpayment | $67,761 | | Closing Costs | $3,840 | | Initial Cash Invested | $71,601 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,625 | $19,500 | | Vacancy Losses | $130 | $1,560 | | Operating Income | $1,495 | $17,940 | | Operating Expenses | $406 | $4,869 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,089 | $13,071 | | - Mortgage Payments | $999 | $11,992 | | = Cash Flow | $90 | $1,078 | | + Principal Reduction | $147 | $1,767 | | + First-Year Appreciation | $1,129 | $13,552 | | = Gross Equity Income | $1,366 | $16,398 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.8% | | Cash on Cash Return | 2% | | 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. 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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