New Construction in Birmingham Metro
McCalla, AL 35022
4 Beds - 2 Baths - 2 Car Garage
Square Feet | 1,497 | Purchase Price | $297,400 | Initial Market Value | $297,400 | Downpayment | $89,220 | Closing Costs | $5,056 | Initial Cash Invested | $94,276 |
Income & Expenses | Monthly | Annual |
---|
Gross Rent | $1,825 | $21,900 | Vacancy Losses | $146 | $1,752 | Operating Income | $1,679 | $20,148 | Operating Expenses | $496 | $5,956 |
Net Performance | Monthly | Annual |
---|
Net Operating Income | $1,183 | $14,193 | - Mortgage Payments | $1,316 | $15,790 | = Cash Flow | ($133) | ($1,598) | + Principal Reduction | $194 | $2,327 | + First-Year Appreciation | $1,487 | $17,844 | = Gross Equity Income | $1,548 | $18,573 |
| Financial Indicators | |
---|
Capitalization Rate | 4.8% | Cash on Cash Return | -2% | Total Return on Investment | 20% |
Assumptions | |
---|
Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 108% |
Comments |
---|
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.
|