New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,884 | | Initial Market Value | $314,990 | | Purchase Price | $314,990 | | Downpayment | $94,497 | | Loan Origination Fees | $4,410 | | Depreciable Closing Costs | $3,150 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $102,057 | | Cost per Square Foot | $167 | | Monthly Rent per Square Foot | $1.25 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,350 | $28,200 | | Vacancy Losses | ($188) | ($2,256) | | Operating Income | $2,162 | $25,944 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($210) | ($2,520) | | Insurance | ($118) | ($1,417) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($36) | ($430) | | Maintenance | ($47) | ($564) | | Other | $0 | $0 | | Operating Expenses | ($519) | ($6,227) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,643 | $19,717 | | - Mortgage Payments | ($1,376) | ($16,507) | | = Cash Flow | $267 | $3,210 | | + Principal Reduction | $210 | $2,524 | | + First-Year Appreciation | $1,575 | $18,899 | | = Gross Equity Income | $2,053 | $24,633 | | + Tax Savings | $101 | $1,216 | | = GEI w/Tax Savings | $2,154 | $25,848 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $220,493 | $0 | | Monthly Payment | $1,375.59 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.19 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 134 | | Capitalization Rate | 6.3% | | Cash on Cash Return | 3% | | Total Return on Investment | 24% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| 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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