3.99% Rate for 10 years and Leased!
Jasper, AL 35501
3 BR 2 BA Built in 2023
Square Feet | 1,613 | Purchase Price | $274,400 | Initial Market Value | $274,400 | Downpayment | $68,600 | Closing Costs | $10,976 | Initial Cash Invested | $79,576 |
Income & Expenses | Monthly | Annual |
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Gross Rent | $1,750 | $21,000 | Vacancy Losses | $88 | $1,050 | Operating Income | $1,663 | $19,950 | Operating Expenses | $264 | $3,164 |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,399 | $16,786 | - Mortgage Payments | $981 | $11,776 | = Cash Flow | $418 | $5,010 | + Principal Reduction | $303 | $3,630 | + First-Year Appreciation | $1,372 | $16,464 | = Gross Equity Income | $2,092 | $25,104 |
| Financial Indicators | |
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Capitalization Rate | 6.1% | Cash on Cash Return | 6% | Total Return on Investment | 32% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 5% | Management Fee | 0% |
Comments |
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10 year ARM @ 3.99%;1 year free mgt; Leased to May '25 | *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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