New Construction, PRE-LEASED until April 2025!
Jasper, AL 35501
5 Beds - 3 Baths - 2 Car Gar - Built in 2023
| Square Feet | 2,124 | | Purchase Price | $299,900 | | Initial Market Value | $299,900 | | Downpayment | $74,975 | | Closing Costs | $15,745 | | Initial Cash Invested | $90,720 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,995 | $23,940 | | Vacancy Losses | $100 | $1,197 | | Operating Income | $1,895 | $22,743 | | Operating Expenses | $285 | $3,418 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,610 | $19,325 | | - Mortgage Payments | $1,277 | $15,325 | | = Cash Flow | $333 | $4,000 | | + Principal Reduction | $252 | $3,030 | | + First-Year Appreciation | $1,500 | $17,994 | | = Gross Equity Income | $2,085 | $25,024 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.4% | | Cash on Cash Return | 4% | | Total Return on Investment | 28% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% |
| Comments |
|---|
| PRE-LEASED through April 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.
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