New Construction in Huntsville Metro
Huntsville, AL 35756
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,537 | | Initial Market Value | $278,900 | | Purchase Price | $278,900 | | Downpayment | $69,725 | | Loan Origination Fees | $4,184 | | Depreciable Closing Costs | $2,789 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $76,698 | | Cost per Square Foot | $181 | | Monthly Rent per Square Foot | $1.43 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,195 | $26,340 | | Vacancy Losses | ($176) | ($2,107) | | Operating Income | $2,019 | $24,233 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($186) | ($2,231) | | Insurance | ($105) | ($1,255) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($34) | ($412) | | Maintenance | ($44) | ($527) | | Other | $0 | $0 | | Operating Expenses | ($477) | ($5,721) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,543 | $18,512 | | - Mortgage Payments | ($1,305) | ($15,660) | | = Cash Flow | $238 | $2,852 | | + Principal Reduction | $200 | $2,394 | | + First-Year Appreciation | $1,395 | $16,734 | | = Gross Equity Income | $1,832 | $21,980 | | + Tax Savings | $85 | $1,018 | | = GEI w/Tax Savings | $1,917 | $22,998 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $209,175 | $0 | | Monthly Payment | $1,304.98 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.18 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 127 | | Capitalization Rate | 6.6% | | Cash on Cash Return | 4% | | 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.
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*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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