New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 2 Baths - 2 Car Garage
Square Feet | 1,884 | Initial Market Value | $317,990 | Purchase Price | $317,990 | Downpayment | $95,397 | Loan Origination Fees | $2,226 | Depreciable Closing Costs | $3,180 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $100,803 | Cost per Square Foot | $169 | Monthly Rent per Square Foot | $1.17 |
Income | Monthly | Annual |
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Gross Rent | $2,195 | $26,340 | Vacancy Losses | ($176) | ($2,107) | Operating Income | $2,019 | $24,233 |
Expenses | Monthly | Annual |
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Property Taxes | ($212) | ($2,544) | Insurance | ($119) | ($1,431) | Management Fees | ($108) | ($1,296) | Leasing/Advertising Fees | $0 | $0 | Association Fees | ($36) | ($430) | Maintenance | ($44) | ($527) | Other | $0 | $0 | Operating Expenses | ($519) | ($6,228) |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,500 | $18,005 | - Mortgage Payments | ($1,407) | ($16,883) | = Cash Flow | $93 | $1,122 | + Principal Reduction | $207 | $2,488 | + First-Year Appreciation | $1,590 | $19,079 | = Gross Equity Income | $1,891 | $22,689 | + Tax Savings | $165 | $1,974 | = GEI w/Tax Savings | $2,055 | $24,664 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 70% | 0% | Loan Amount | $222,593 | $0 | Monthly Payment | $1,406.94 | $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 | 1.07 | Annual Gross Rent Multiplier | 12 | Monthly Gross Rent Multiplier | 145 | Capitalization Rate | 5.7% | Cash on Cash Return | 1% | Total Return on Investment | 23% | + 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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