New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 2 Baths - 2 Car Garage
Square Feet1,884
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
IncomeMonthlyAnnual
Gross Rent$2,195$26,340
Vacancy Losses($176)($2,107)
Operating Income$2,019$24,233
ExpensesMonthlyAnnual
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 PerformanceMonthlyAnnual
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 InfoFirstSecond
Loan-to-Value Ratio70%0%
Loan Amount$222,593$0
Monthly Payment$1,406.94$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.07
Annual Gross Rent Multiplier12
Monthly Gross Rent Multiplier145
Capitalization Rate5.7%
Cash on Cash Return1%
Total Return on Investment23%
+ 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.