New Construction in Birmingham Metro
Mount Olive, AL 35117
3 Beds - 2 Baths - 2 Car Garage
Square Feet | 1,272 | Purchase Price | $266,900 | Initial Market Value | $266,900 | Downpayment | $80,070 | Closing Costs | $4,537 | Initial Cash Invested | $84,607 |
Income & Expenses | Monthly | Annual |
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Gross Rent | $1,725 | $20,700 | Vacancy Losses | $138 | $1,656 | Operating Income | $1,587 | $19,044 | Operating Expenses | $451 | $5,406 |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,136 | $13,638 | - Mortgage Payments | $1,181 | $14,171 | = Cash Flow | ($44) | ($533) | + Principal Reduction | $174 | $2,088 | + First-Year Appreciation | $1,335 | $16,014 | = Gross Equity Income | $1,464 | $17,569 |
| Financial Indicators | |
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Capitalization Rate | 5.1% | Cash on Cash Return | -1% | Total Return on Investment | 21% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 108% |
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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