PRE-LEASED in Tuscaloosa + 2 Years Free Property Management
Tuscaloosa, AL 35405
4 Bed - 2 Bath - 2 Car Garage - Built 2023
Square Feet | 1,769 | Purchase Price | $299,900 | Initial Market Value | $299,900 | Downpayment | $74,975 | Closing Costs | $13,496 | Initial Cash Invested | $88,471 |
Income & Expenses | Monthly | Annual |
---|
Gross Rent | $1,895 | $22,740 | Vacancy Losses | $95 | $1,137 | Operating Income | $1,800 | $21,603 | Operating Expenses | $304 | $3,646 |
Net Performance | Monthly | Annual |
---|
Net Operating Income | $1,496 | $17,957 | - Mortgage Payments | $1,347 | $16,165 | = Cash Flow | $149 | $1,792 | + Principal Reduction | $231 | $2,767 | + First-Year Appreciation | $1,500 | $17,994 | = Gross Equity Income | $1,879 | $22,553 |
| Financial Indicators | |
---|
Capitalization Rate | 6.0% | Cash on Cash Return | 2% | Total Return on Investment | 25% |
Assumptions | |
---|
Real Estate Appreciation Rate | 6% | Vacancy Rate | 5% | Management Fee | 0% |
Comments |
---|
PRE-LEASED through March 2025! New construction with 12 month warranty. 2 years free property management! | *Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|