New Construction
Odenville, AL 35120
3 bdrm/ 3 bath - Built 2023
Square Feet | 1,804 | Purchase Price | $265,000 | Initial Market Value | $265,000 | Downpayment | $66,250 | Closing Costs | $9,275 | Initial Cash Invested | $75,525 |
Income & Expenses | Monthly | Annual |
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Gross Rent | $1,845 | $22,140 | Vacancy Losses | $148 | $1,771 | Operating Income | $1,697 | $20,369 | Operating Expenses | $328 | $3,939 |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,369 | $16,430 | - Mortgage Payments | $1,190 | $14,284 | = Cash Flow | $179 | $2,146 | + Principal Reduction | $204 | $2,445 | + First-Year Appreciation | $1,325 | $15,900 | = Gross Equity Income | $1,708 | $20,491 |
| Financial Indicators | |
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Capitalization Rate | 6.2% | Cash on Cash Return | 3% | Total Return on Investment | 27% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 0% | *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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