Property Information

IN ESCROW
New Construction and Leased
Lincoln, AL 35096
3 BR 2 BA 2 Car Gar Built in 2020
Square Feet1,801
Initial Market Value$183,000
Purchase Price$183,000
Downpayment$45,750
Loan Origination Fees$1,373
Depreciable Closing Costs$5,490
Other Closing Costs and Fixup$0
Initial Cash Invested$52,613
Cost per Square Foot$102
Monthly Rent per Square Foot$0.77
IncomeMonthlyAnnual
Gross Rent$1,395$16,740
Vacancy Losses($112)($1,339)
Operating Income$1,283$15,401
ExpensesMonthlyAnnual
Property Taxes($107)($1,281)
Insurance($67)($805)
Management Fees($103)($1,232)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($42)($502)
Other$0$0
Operating Expenses($318)($3,820)
Net PerformanceMonthlyAnnual
Net Operating Income$965$11,580
- Mortgage Payments($695)($8,345)
= Cash Flow$270$3,235
+ Principal Reduction$185$2,214
+ First-Year Appreciation$915$10,980
= Gross Equity Income$1,369$16,429
+ Tax Savings$2$25
= GEI w/Tax Savings$1,371$16,455
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$137,250$0
Monthly Payment$695.43$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.39
Annual Gross Rent Multiplier11
Monthly Gross Rent Multiplier131
Capitalization Rate6.3%
Cash on Cash Return6%
Total Return on Investment31%
Total ROI with Tax Savings31%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
Comments
* One year limited builder's warranty included
* Tenant moved in May 14, 2020
* Appreciation, Vacancy and Maintenance Assumptions provided by JasonHartman.com
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.