New Construction in Huntsville Metro
Huntsville, AL 35811
4 Beds - 2 Baths - 2 Car Garage
Square Feet | 1,558 | Initial Market Value | $279,900 | Purchase Price | $279,900 | Downpayment | $69,975 | Loan Origination Fees | $4,199 | Depreciable Closing Costs | $2,799 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $76,973 | Cost per Square Foot | $180 | Monthly Rent per Square Foot | $1.43 |
Income | Monthly | Annual |
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Gross Rent | $2,225 | $26,700 | Vacancy Losses | ($178) | ($2,136) | Operating Income | $2,047 | $24,564 |
Expenses | Monthly | Annual |
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Property Taxes | ($187) | ($2,239) | Insurance | ($105) | ($1,260) | Management Fees | ($108) | ($1,296) | Leasing/Advertising Fees | $0 | $0 | Association Fees | ($34) | ($412) | Maintenance | ($45) | ($534) | Other | $0 | $0 | Operating Expenses | ($478) | ($5,741) |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,569 | $18,823 | - Mortgage Payments | ($1,310) | ($15,716) | = Cash Flow | $259 | $3,107 | + Principal Reduction | $200 | $2,403 | + First-Year Appreciation | $1,400 | $16,794 | = Gross Equity Income | $1,859 | $22,304 | + Tax Savings | $78 | $938 | = GEI w/Tax Savings | $1,937 | $23,242 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $209,925 | $0 | Monthly Payment | $1,309.66 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.375% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.20 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 126 | Capitalization Rate | 6.7% | Cash on Cash Return | 4% | Total Return on Investment | 29% | + 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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