3.99% Rate for 10 years and Leased!
Jasper, AL 35501
3 BR 2 BA Built in 2023
| Square Feet | 1,613 | | Purchase Price | $274,400 | | Initial Market Value | $274,400 | | Downpayment | $68,600 | | Closing Costs | $10,976 | | Initial Cash Invested | $79,576 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,750 | $21,000 | | Vacancy Losses | $88 | $1,050 | | Operating Income | $1,663 | $19,950 | | Operating Expenses | $264 | $3,164 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,399 | $16,786 | | - Mortgage Payments | $981 | $11,776 | | = Cash Flow | $418 | $5,010 | | + Principal Reduction | $303 | $3,630 | | + First-Year Appreciation | $1,372 | $16,464 | | = Gross Equity Income | $2,092 | $25,104 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.1% | | Cash on Cash Return | 6% | | Total Return on Investment | 32% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% |
| Comments |
|---|
| 10 year ARM @ 3.99%;1 year free mgt; Leased to May '25 |
*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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