New Construction in Huntsville Metro
Athens, AL 35613
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,846 | | Initial Market Value | $299,895 | | Purchase Price | $299,895 | | Downpayment | $74,974 | | Loan Origination Fees | $2,249 | | Depreciable Closing Costs | $2,999 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $80,222 | | Cost per Square Foot | $162 | | Monthly Rent per Square Foot | $1.16 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,150 | $25,800 | | Vacancy Losses | ($172) | ($2,064) | | Operating Income | $1,978 | $23,736 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($200) | ($2,399) | | Insurance | ($112) | ($1,350) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($13) | ($150) | | Maintenance | ($43) | ($516) | | Other | $0 | $0 | | Operating Expenses | ($476) | ($5,711) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,502 | $18,025 | | - Mortgage Payments | ($1,330) | ($15,966) | | = Cash Flow | $172 | $2,059 | | + Principal Reduction | $236 | $2,827 | | + First-Year Appreciation | $1,499 | $17,994 | | = Gross Equity Income | $1,907 | $22,880 | | + Tax Savings | $113 | $1,354 | | = GEI w/Tax Savings | $2,019 | $24,234 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $224,921 | $0 | | Monthly Payment | $1,330.49 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.875% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.13 | | Annual Gross Rent Multiplier | 12 | | Monthly Gross Rent Multiplier | 139 | | Capitalization Rate | 6.0% | | Cash on Cash Return | 3% | | 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. |
*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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