New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 3 Baths - 2 Car Garage
Square Feet | 2,108 | 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 |
Income | Monthly | Annual |
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Gross Rent | $2,295 | $27,540 | Vacancy Losses | ($184) | ($2,203) | Operating Income | $2,111 | $25,337 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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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 Info | First | Second |
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Loan-to-Value Ratio | 70% | 0% | Loan Amount | $236,296 | $0 | Monthly Payment | $1,493.55 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.500% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.05 | Annual Gross Rent Multiplier | 12 | Monthly Gross Rent Multiplier | 147 | Capitalization Rate | 5.6% | Cash on Cash Return | 1% | Total Return on Investment | 22% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | $108 | Maintenance Percentage | 2% |
Comments |
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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.
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