New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 3 Baths - 2 Car Garage
Square Feet2,108
Initial Market Value$337,565
Purchase Price$337,565
Downpayment$101,270
Loan Origination Fees$2,363
Depreciable Closing Costs$3,376
Other Closing Costs and Fixup$0
Initial Cash Invested$107,008
Cost per Square Foot$160
Monthly Rent per Square Foot$1.09
IncomeMonthlyAnnual
Gross Rent$2,295$27,540
Vacancy Losses($184)($2,203)
Operating Income$2,111$25,337
ExpensesMonthlyAnnual
Property Taxes($225)($2,701)
Insurance($127)($1,519)
Management Fees($108)($1,296)
Leasing/Advertising Fees$0$0
Association Fees($42)($504)
Maintenance($46)($551)
Other$0$0
Operating Expenses($548)($6,570)
Net PerformanceMonthlyAnnual
Net Operating Income$1,564$18,766
- Mortgage Payments($1,494)($17,923)
= Cash Flow$70$844
+ Principal Reduction$220$2,641
+ First-Year Appreciation$1,688$20,254
= Gross Equity Income$1,978$23,739
+ Tax Savings$185$2,215
= GEI w/Tax Savings$2,163$25,954
Mortgage InfoFirstSecond
Loan-to-Value Ratio70%0%
Loan Amount$236,296$0
Monthly Payment$1,493.55$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.05
Annual Gross Rent Multiplier12
Monthly Gross Rent Multiplier147
Capitalization Rate5.6%
Cash on Cash Return1%
Total Return on Investment22%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee$108
Maintenance Percentage2%
Comments
Photos may be representative. Furniture not included.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.