3.99% rate for 10 years and rented in Huntsville Suburbs
New Market, AL 35761
4 Beds - 2.5 Baths - 2 Car Garage - Built 2023
| Square Feet | 2,160 | | Initial Market Value | $339,900 | | Purchase Price | $339,900 | | Downpayment | $84,975 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $13,596 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $98,571 | | Cost per Square Foot | $157 | | Monthly Rent per Square Foot | $0.90 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,950 | $23,400 | | Vacancy Losses | ($98) | ($1,170) | | Operating Income | $1,853 | $22,230 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($198) | ($2,379) | | Insurance | ($85) | ($1,020) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($39) | ($468) | | Other | $0 | $0 | | Operating Expenses | ($322) | ($3,867) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,530 | $18,363 | | - Mortgage Payments | ($1,216) | ($14,587) | | = Cash Flow | $315 | $3,776 | | + Principal Reduction | $375 | $4,497 | | + First-Year Appreciation | $1,700 | $20,394 | | = Gross Equity Income | $2,389 | $28,667 | | + Tax Savings | $60 | $723 | | = GEI w/Tax Savings | $2,449 | $29,391 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $254,925 | $0 | | Monthly Payment | $1,215.58 | $0.00 | | Loan Type | Amortizing ARM | | | Term | 10 Years | | | Interest Rate | 3.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.26 | | Annual Gross Rent Multiplier | 15 | | Monthly Gross Rent Multiplier | 174 | | Capitalization Rate | 5.4% | | Cash on Cash Return | 4% | | Total Return on Investment | 29% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| 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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