New Construction in Huntsville Metro
Madison, AL 35756
4 Beds - 3 Baths - 2 Car Garage
Square Feet | 2,108 | Initial Market Value | $350,990 | Purchase Price | $350,990 | Downpayment | $105,297 | Loan Origination Fees | $2,457 | Depreciable Closing Costs | $3,510 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $111,264 | Cost per Square Foot | $167 | Monthly Rent per Square Foot | $1.14 |
Income | Monthly | Annual |
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Gross Rent | $2,395 | $28,740 | Vacancy Losses | ($192) | ($2,299) | Operating Income | $2,203 | $26,441 |
Expenses | Monthly | Annual |
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Property Taxes | ($234) | ($2,808) | Insurance | ($132) | ($1,579) | Management Fees | ($108) | ($1,296) | Leasing/Advertising Fees | $0 | $0 | Association Fees | ($36) | ($430) | Maintenance | ($48) | ($575) | Other | $0 | $0 | Operating Expenses | ($557) | ($6,688) |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,646 | $19,753 | - Mortgage Payments | ($1,553) | ($18,635) | = Cash Flow | $93 | $1,117 | + Principal Reduction | $229 | $2,746 | + First-Year Appreciation | $1,755 | $21,059 | = Gross Equity Income | $2,077 | $24,923 | + Tax Savings | $185 | $2,221 | = GEI w/Tax Savings | $2,262 | $27,144 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 70% | 0% | Loan Amount | $245,693 | $0 | Monthly Payment | $1,552.95 | $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 | 1.06 | 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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