Property Information
IN ESCROW
3.99% Rate for 10 years and Leased!
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 | $21,000 | $21,630 | $22,279 | $22,947 | $23,636 | $24,345 | $25,075 | $25,827 | $26,602 | $27,400 |
| Vacancy Losses | ($1,050) | ($1,082) | ($1,114) | ($1,147) | ($1,182) | ($1,217) | ($1,254) | ($1,291) | ($1,330) | ($1,370) |
| Operating Income | $19,950 | $20,549 | $21,165 | $21,800 | $22,454 | $23,128 | $23,821 | $24,536 | $25,272 | $26,030 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,921) | ($1,978) | ($2,038) | ($2,099) | ($2,162) | ($2,227) | ($2,294) | ($2,362) | ($2,433) | ($2,506) |
| Insurance | ($823) | ($848) | ($873) | ($900) | ($927) | ($954) | ($983) | ($1,012) | ($1,043) | ($1,074) |
| 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 | ($420) | ($433) | ($446) | ($459) | ($473) | ($487) | ($502) | ($517) | ($532) | ($548) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($3,164) | ($3,259) | ($3,357) | ($3,457) | ($3,561) | ($3,668) | ($3,778) | ($3,891) | ($4,008) | ($4,128) |
| 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 | $16,786 | $17,290 | $17,808 | $18,343 | $18,893 | $19,460 | $20,043 | $20,645 | $21,264 | $21,902 |
| - Mortgage Payments | ($11,776) | ($11,776) | ($11,776) | ($11,776) | ($11,776) | ($11,776) | ($11,776) | ($11,776) | ($11,776) | ($11,776) |
| = Cash Flow | $5,010 | $5,514 | $6,032 | $6,567 | $7,117 | $7,684 | $8,267 | $8,869 | $9,488 | $10,126 |
| + Principal Reduction | $3,630 | $3,778 | $3,932 | $4,091 | $4,258 | $4,431 | $4,611 | $4,798 | $4,993 | $5,196 |
| + Appreciation | $16,464 | $17,452 | $18,499 | $19,609 | $20,785 | $22,033 | $23,354 | $24,756 | $26,241 | $27,816 |
| = Gross Equity Income | $25,104 | $26,743 | $28,463 | $30,267 | $32,160 | $34,147 | $36,233 | $38,422 | $40,722 | $43,137 |
| Capitalization Rate | 5.8% | 5.6% | 5.4% | 5.3% | 5.1% | 5.0% | 4.9% | 4.7% | 4.6% | 4.5% |
| Cash on Cash Return | 6.3% | 6.9% | 7.6% | 8.3% | 8.9% | 9.7% | 10.4% | 11.1% | 11.9% | 12.7% |
| Return on Equity | 28.3% | 24.3% | 21.5% | 19.4% | 17.8% | 16.5% | 15.4% | 14.5% | 13.7% | 13.1% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $290,864 | $308,316 | $326,815 | $346,424 | $367,209 | $389,242 | $412,596 | $437,352 | $463,593 | $491,409 |
| - Loan Balance | ($202,170) | ($198,392) | ($194,460) | ($190,369) | ($186,111) | ($181,681) | ($177,070) | ($172,272) | ($167,279) | ($162,083) |
| = Equity | $88,694 | $109,924 | $132,355 | $156,055 | $181,098 | $207,561 | $235,526 | $265,080 | $296,314 | $329,325 |
| Loan-to-Value Ratio | 69.5% | 64.3% | 59.5% | 55.0% | 50.7% | 46.7% | 42.9% | 39.4% | 36.1% | 33.0% |
| Potential Cash-Out Refi | $59,608 | $79,093 | $99,673 | $121,413 | $144,377 | $168,637 | $194,266 | $221,345 | $249,955 | $280,184 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $88,694 | $109,924 | $132,355 | $156,055 | $181,098 | $207,561 | $235,526 | $265,080 | $296,314 | $329,325 |
| - Closing Costs | ($20,360) | ($21,582) | ($22,877) | ($24,250) | ($25,705) | ($27,247) | ($28,882) | ($30,615) | ($32,452) | ($34,399) |
| = Proceeds After Sale | $68,334 | $88,342 | $109,478 | $131,805 | $155,393 | $180,314 | $206,644 | $234,465 | $263,862 | $294,927 |
| + Cumulative Cash Flow | $5,010 | $10,524 | $16,556 | $23,123 | $30,239 | $37,923 | $46,190 | $55,059 | $64,547 | $74,673 |
| - Initial Cash Invested | ($79,576) | ($79,576) | ($79,576) | ($79,576) | ($79,576) | ($79,576) | ($79,576) | ($79,576) | ($79,576) | ($79,576) |
| = Net Profit | ($6,232) | $19,290 | $46,458 | $75,352 | $106,057 | $138,661 | $173,259 | $209,948 | $248,833 | $290,024 |
| Internal Rate of Return | -7.8% | 11.8% | 17.4% | 19.4% | 20.1% | 20.3% | 20.1% | 19.9% | 19.6% | 19.2% |
| Return on Investment | -7.8% | 24.2% | 58.4% | 94.7% | 133.3% | 174.2% | 217.7% | 263.8% | 312.7% | 364.5% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
