New Construction in Huntsville Metro
Owens Cross Roads, AL 35763
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,272 | | Initial Market Value | $259,900 | | Purchase Price | $259,900 | | Downpayment | $77,970 | | Loan Origination Fees | $3,639 | | Depreciable Closing Costs | $2,599 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $84,208 | | Cost per Square Foot | $204 | | Monthly Rent per Square Foot | $1.49 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,895 | $22,740 | | Vacancy Losses | ($152) | ($1,819) | | Operating Income | $1,743 | $20,921 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($173) | ($2,079) | | Insurance | ($97) | ($1,170) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($23) | ($276) | | Maintenance | ($38) | ($455) | | Other | $0 | $0 | | Operating Expenses | ($440) | ($5,276) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,304 | $15,645 | | - Mortgage Payments | ($1,135) | ($13,620) | | = Cash Flow | $169 | $2,025 | | + Principal Reduction | $174 | $2,082 | | + First-Year Appreciation | $1,300 | $15,594 | | = Gross Equity Income | $1,642 | $19,701 | | + Tax Savings | $101 | $1,217 | | = GEI w/Tax Savings | $1,743 | $20,918 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $181,930 | $0 | | Monthly Payment | $1,135.01 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.15 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 137 | | Capitalization Rate | 6.0% | | Cash on Cash Return | 2% | | Total Return on Investment | 23% | | + 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. A+ schools! |
*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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