Property Information
SOLD
New Construction, PRE-LEASED until April 2025!
Jasper, AL 35501
| Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Gross Rent | $23,940 | $24,658 | $25,398 | $26,160 | $26,945 | $27,753 | $28,586 | $29,443 | $30,326 | $31,236 |
| Vacancy Losses | ($1,197) | ($1,233) | ($1,270) | ($1,308) | ($1,347) | ($1,388) | ($1,429) | ($1,472) | ($1,516) | ($1,562) |
| Operating Income | $22,743 | $23,425 | $24,128 | $24,852 | $25,597 | $26,365 | $27,156 | $27,971 | $28,810 | $29,674 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($2,039) | ($2,100) | ($2,164) | ($2,228) | ($2,295) | ($2,364) | ($2,435) | ($2,508) | ($2,583) | ($2,661) |
| Insurance | ($900) | ($927) | ($954) | ($983) | ($1,013) | ($1,043) | ($1,074) | ($1,107) | ($1,140) | ($1,174) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($479) | ($493) | ($508) | ($523) | ($539) | ($555) | ($572) | ($589) | ($607) | ($625) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($3,418) | ($3,520) | ($3,626) | ($3,735) | ($3,847) | ($3,962) | ($4,081) | ($4,203) | ($4,330) | ($4,459) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $19,325 | $19,905 | $20,502 | $21,117 | $21,751 | $22,403 | $23,075 | $23,768 | $24,481 | $25,215 |
| - Mortgage Payments | ($15,325) | ($15,325) | ($15,325) | ($15,325) | ($15,325) | ($15,325) | ($15,325) | ($15,325) | ($15,325) | ($15,325) |
| = Cash Flow | $4,000 | $4,580 | $5,177 | $5,792 | $6,425 | $7,078 | $7,750 | $8,442 | $9,155 | $9,890 |
| + Principal Reduction | $3,030 | $3,201 | $3,381 | $3,572 | $3,774 | $3,987 | $4,211 | $4,449 | $4,700 | $4,965 |
| + Appreciation | $17,994 | $19,074 | $20,218 | $21,431 | $22,717 | $24,080 | $25,525 | $27,056 | $28,680 | $30,400 |
| = Gross Equity Income | $25,024 | $26,854 | $28,776 | $30,795 | $32,916 | $35,145 | $37,486 | $39,948 | $42,535 | $45,255 |
| Capitalization Rate | 6.1% | 5.9% | 5.7% | 5.6% | 5.4% | 5.3% | 5.1% | 5.0% | 4.8% | 4.7% |
| Cash on Cash Return | 4.4% | 5.0% | 5.7% | 6.4% | 7.1% | 7.8% | 8.5% | 9.3% | 10.1% | 10.9% |
| Return on Equity | 26.1% | 22.7% | 20.3% | 18.5% | 17.0% | 15.9% | 14.9% | 14.1% | 13.5% | 12.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $317,894 | $336,968 | $357,186 | $378,617 | $401,334 | $425,414 | $450,939 | $477,995 | $506,675 | $537,075 |
| - Loan Balance | ($221,895) | ($218,694) | ($215,313) | ($211,741) | ($207,967) | ($203,980) | ($199,769) | ($195,320) | ($190,620) | ($185,655) |
| = Equity | $95,999 | $118,273 | $141,873 | $166,876 | $193,367 | $221,433 | $251,170 | $282,675 | $316,054 | $351,420 |
| Loan-to-Value Ratio | 69.8% | 64.9% | 60.3% | 55.9% | 51.8% | 47.9% | 44.3% | 40.9% | 37.6% | 34.6% |
| Potential Cash-Out Refi | $64,210 | $84,577 | $106,154 | $129,015 | $153,233 | $178,892 | $206,076 | $234,875 | $265,387 | $297,712 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $95,999 | $118,273 | $141,873 | $166,876 | $193,367 | $221,433 | $251,170 | $282,675 | $316,054 | $351,420 |
| - Closing Costs | ($22,253) | ($23,588) | ($25,003) | ($26,503) | ($28,093) | ($29,779) | ($31,566) | ($33,460) | ($35,467) | ($37,595) |
| = Proceeds After Sale | $73,746 | $94,686 | $116,870 | $140,373 | $165,274 | $191,654 | $219,604 | $249,215 | $280,587 | $313,825 |
| + Cumulative Cash Flow | $4,000 | $8,580 | $13,757 | $19,549 | $25,974 | $33,052 | $40,802 | $49,244 | $58,400 | $68,290 |
| - Initial Cash Invested | ($90,720) | ($90,720) | ($90,720) | ($90,720) | ($90,720) | ($90,720) | ($90,720) | ($90,720) | ($90,720) | ($90,720) |
| = Net Profit | ($12,973) | $12,546 | $39,907 | $69,202 | $100,528 | $133,987 | $169,686 | $207,740 | $248,267 | $291,394 |
| Internal Rate of Return | -14.3% | 6.8% | 13.4% | 16.1% | 17.2% | 17.6% | 17.8% | 17.7% | 17.6% | 17.4% |
| Return on Investment | -14.3% | 13.8% | 44.0% | 76.3% | 110.8% | 147.7% | 187.0% | 229.0% | 273.7% | 321.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
