New Construction in Huntsville Metro
Huntsville, AL 35811
3 Beds - 2 Baths - 2 Car Garage
Square Feet | 1,335 | Initial Market Value | $258,490 | Purchase Price | $258,490 | Downpayment | $64,623 | Loan Origination Fees | $1,939 | Depreciable Closing Costs | $2,585 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $69,146 | Cost per Square Foot | $194 | Monthly Rent per Square Foot | $1.55 |
Income | Monthly | Annual |
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Gross Rent | $2,075 | $24,900 | Vacancy Losses | ($166) | ($1,992) | Operating Income | $1,909 | $22,908 |
Expenses | Monthly | Annual |
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Property Taxes | ($172) | ($2,068) | Insurance | ($97) | ($1,163) | Management Fees | ($108) | ($1,296) | Leasing/Advertising Fees | $0 | $0 | Association Fees | ($42) | ($500) | Maintenance | ($42) | ($498) | Other | $0 | $0 | Operating Expenses | ($460) | ($5,525) |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,449 | $17,383 | - Mortgage Payments | ($1,225) | ($14,704) | = Cash Flow | $223 | $2,678 | + Principal Reduction | $181 | $2,167 | + First-Year Appreciation | $1,292 | $15,509 | = Gross Equity Income | $1,696 | $20,355 | + Tax Savings | $79 | $950 | = GEI w/Tax Savings | $1,775 | $21,304 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $193,868 | $0 | Monthly Payment | $1,225.37 | $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 | 1.18 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 125 | Capitalization Rate | 6.7% | Cash on Cash Return | 4% | Total Return on Investment | 29% | + 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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