New Construction, PRE-LEASED until March 2025!
Jasper, AL 35501
4 Beds - 2.5 Baths - 2 Car Gar - Built in 2023
Square Feet | 1,906 | Purchase Price | $301,900 | Initial Market Value | $301,900 | Downpayment | $75,475 | Closing Costs | $12,076 | Initial Cash Invested | $87,551 |
Income & Expenses | Monthly | Annual |
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Gross Rent | $1,770 | $21,240 | Vacancy Losses | $89 | $1,062 | Operating Income | $1,682 | $20,178 | Operating Expenses | $287 | $3,444 |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,395 | $16,734 | - Mortgage Payments | $1,080 | $12,956 | = Cash Flow | $315 | $3,778 | + Principal Reduction | $333 | $3,994 | + First-Year Appreciation | $1,510 | $18,114 | = Gross Equity Income | $2,157 | $25,886 |
| Financial Indicators | |
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Capitalization Rate | 5.5% | Cash on Cash Return | 4% | Total Return on Investment | 30% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 5% | Management Fee | 0% |
Comments |
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10 year ARM @ 3.99%;1 year free mgt; Leased to Mar '25 | *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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