New Construction in Huntsville Metro
Huntsville, AL 35811
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,683 | | Initial Market Value | $278,815 | | Purchase Price | $278,815 | | Downpayment | $69,704 | | Loan Origination Fees | $4,182 | | Depreciable Closing Costs | $2,788 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $76,674 | | Cost per Square Foot | $166 | | Monthly Rent per Square Foot | $1.34 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,250 | $27,000 | | Vacancy Losses | ($180) | ($2,160) | | Operating Income | $2,070 | $24,840 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($186) | ($2,231) | | Insurance | ($105) | ($1,255) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($42) | ($500) | | Maintenance | ($45) | ($540) | | Other | $0 | $0 | | Operating Expenses | ($485) | ($5,821) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,585 | $19,019 | | - Mortgage Payments | ($1,305) | ($15,655) | | = Cash Flow | $280 | $3,364 | | + Principal Reduction | $199 | $2,393 | | + First-Year Appreciation | $1,394 | $16,729 | | = Gross Equity Income | $1,874 | $22,486 | | + Tax Savings | $70 | $842 | | = GEI w/Tax Savings | $1,944 | $23,328 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $209,111 | $0 | | Monthly Payment | $1,304.58 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.21 | | Annual Gross Rent Multiplier | 10 | | Monthly Gross Rent Multiplier | 124 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 4% | | Total Return on Investment | 29% | | + 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.
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*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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