New Construction in Huntsville Metro
Huntsville, AL 35811
4 Beds - 2 Baths - 2 Car Garage
Square Feet1,558
Initial Market Value$279,900
Purchase Price$279,900
Downpayment$69,975
Loan Origination Fees$2,099
Depreciable Closing Costs$2,799
Other Closing Costs and Fixup$0
Initial Cash Invested$74,873
Cost per Square Foot$180
Monthly Rent per Square Foot$1.36
IncomeMonthlyAnnual
Gross Rent$2,125$25,500
Vacancy Losses($170)($2,040)
Operating Income$1,955$23,460
ExpensesMonthlyAnnual
Property Taxes($187)($2,239)
Insurance($105)($1,260)
Management Fees($108)($1,296)
Leasing/Advertising Fees$0$0
Association Fees($34)($412)
Maintenance($43)($510)
Other$0$0
Operating Expenses($476)($5,717)
Net PerformanceMonthlyAnnual
Net Operating Income$1,479$17,743
- Mortgage Payments($1,327)($15,922)
= Cash Flow$152$1,821
+ Principal Reduction$196$2,346
+ First-Year Appreciation$1,400$16,794
= Gross Equity Income$1,747$20,961
+ Tax Savings$117$1,398
= GEI w/Tax Savings$1,863$22,360
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$209,925$0
Monthly Payment$1,326.87$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.11
Annual Gross Rent Multiplier11
Monthly Gross Rent Multiplier132
Capitalization Rate6.3%
Cash on Cash Return2%
Total Return on Investment28%
+ 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.