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 | $2,091 | Depreciable Closing Costs | $2,788 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $74,583 | 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 | ($1,322) | ($15,861) | = Cash Flow | $263 | $3,158 | + Principal Reduction | $195 | $2,337 | + First-Year Appreciation | $1,394 | $16,729 | = Gross Equity Income | $1,852 | $22,224 | + Tax Savings | $78 | $932 | = GEI w/Tax Savings | $1,930 | $23,156 |
| Mortgage Info | First | Second |
---|
Loan-to-Value Ratio | 75% | 0% | Loan Amount | $209,111 | $0 | Monthly Payment | $1,321.73 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.500% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
---|
Debt Coverage Ratio | 1.20 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 124 | Capitalization Rate | 6.8% | Cash on Cash Return | 4% | Total Return on Investment | 30% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
---|
Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | $108 | Maintenance Percentage | 2% |
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.
|