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 | $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 |
Income | Monthly | Annual |
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Gross Rent | $2,125 | $25,500 | Vacancy Losses | ($170) | ($2,040) | Operating Income | $1,955 | $23,460 |
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 | ($43) | ($510) | Other | $0 | $0 | Operating Expenses | ($476) | ($5,717) |
Net Performance | Monthly | Annual |
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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 Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $209,925 | $0 | Monthly Payment | $1,326.87 | $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 | 1.11 | Annual Gross Rent Multiplier | 11 | Monthly Gross Rent Multiplier | 132 | Capitalization Rate | 6.3% | Cash on Cash Return | 2% | Total Return on Investment | 28% | + 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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