New Construction in Huntsville Metro
Owens Cross Roads, AL 35763
4 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,497 | | Initial Market Value | $271,900 | | Purchase Price | $271,900 | | Downpayment | $67,975 | | Loan Origination Fees | $4,079 | | Depreciable Closing Costs | $2,719 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $74,773 | | Cost per Square Foot | $182 | | Monthly Rent per Square Foot | $1.37 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,050 | $24,600 | | Vacancy Losses | ($164) | ($1,968) | | Operating Income | $1,886 | $22,632 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($181) | ($2,175) | | Insurance | ($102) | ($1,224) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($23) | ($276) | | Maintenance | ($41) | ($492) | | Other | $0 | $0 | | Operating Expenses | ($455) | ($5,463) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,431 | $17,169 | | - Mortgage Payments | ($1,272) | ($15,267) | | = Cash Flow | $159 | $1,902 | | + Principal Reduction | $194 | $2,334 | | + First-Year Appreciation | $1,360 | $16,314 | | = Gross Equity Income | $1,713 | $20,550 | | + Tax Savings | $108 | $1,294 | | = GEI w/Tax Savings | $1,820 | $21,844 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $203,925 | $0 | | Monthly Payment | $1,272.23 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.12 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 133 | | Capitalization Rate | 6.3% | | Cash on Cash Return | 3% | | Total Return on Investment | 27% | | + 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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