Property Information

SOLD
Vaughn Single Family
Montgomery, AL 36106
IncomeYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Gross Rent$18,000$18,540$19,096$19,669$20,259$20,867$21,493$22,138$22,802$23,486
Vacancy Losses($1,440)($1,483)($1,528)($1,574)($1,621)($1,669)($1,719)($1,771)($1,824)($1,879)
Operating Income$16,560$17,057$17,569$18,096$18,638$19,198$19,774$20,367$20,978$21,607
ExpensesYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Property Taxes($1,259)($1,297)($1,336)($1,376)($1,417)($1,460)($1,504)($1,549)($1,595)($1,643)
Insurance($1,224)($1,261)($1,299)($1,338)($1,378)($1,419)($1,462)($1,506)($1,551)($1,597)
Management Fees($1,325)($1,365)($1,405)($1,448)($1,491)($1,536)($1,582)($1,629)($1,678)($1,729)
Leasing/Advertising Fees$0$0$0$0$0$0$0$0$0$0
Association Fees$0$0$0$0$0$0$0$0$0$0
Maintenance($900)($927)($955)($983)($1,013)($1,043)($1,075)($1,107)($1,140)($1,174)
Other$0$0$0$0$0$0$0$0$0$0
Operating Expenses($4,708)($4,850)($4,995)($5,145)($5,299)($5,458)($5,622)($5,791)($5,964)($6,143)
Income AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Net Operating Income$11,852$12,207$12,573$12,951$13,339$13,739$14,151$14,576$15,013$15,464
- Mortgage Payments($7,068)($7,068)($7,068)($7,068)($7,068)($7,068)($7,068)($7,068)($7,068)($7,068)
= Cash Flow$4,783$5,139$5,505$5,882$6,271$6,671$7,083$7,508$7,945$8,395
+ Principal Reduction$2,517$2,607$2,700$2,796$2,895$2,998$3,105$3,215$3,329$3,448
+ Appreciation$10,494$11,124$11,791$12,499$13,248$14,043$14,886$15,779$16,726$17,729
= Gross Equity Income$17,795$18,869$19,996$21,176$22,414$23,712$25,074$26,502$28,000$29,573
Capitalization Rate6.4%6.2%6.0%5.9%5.7%5.5%5.4%5.2%5.1%4.9%
Cash on Cash Return9.1%9.8%10.5%11.2%12.0%12.7%13.5%14.3%15.1%16.0%
Return on Equity31.4%26.8%23.5%21.1%19.3%17.8%16.6%15.6%14.7%14.0%
Loan AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Market Value$185,394$196,518$208,309$220,807$234,056$248,099$262,985$278,764$295,490$313,219
- Loan Balance($128,658)($126,051)($123,351)($120,555)($117,660)($114,662)($111,558)($108,343)($105,013)($101,565)
= Equity$56,736$70,467$84,958$100,252$116,395$133,437$151,427$170,421$190,477$211,654
Loan-to-Value Ratio69.4%64.1%59.2%54.6%50.3%46.2%42.4%38.9%35.5%32.4%
Potential Cash-Out Refi$38,197$50,815$64,127$78,171$92,990$108,627$125,129$142,545$160,928$180,332
Sale AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Equity$56,736$70,467$84,958$100,252$116,395$133,437$151,427$170,421$190,477$211,654
- Closing Costs($12,978)($13,756)($14,582)($15,457)($16,384)($17,367)($18,409)($19,513)($20,684)($21,925)
= Proceeds After Sale$43,759$56,711$70,376$84,795$100,011$116,070$133,018$150,908$169,792$189,729
+ Cumulative Cash Flow$4,783$9,922$15,427$21,309$27,580$34,251$41,334$48,842$56,787$65,182
- Initial Cash Invested($52,470)($52,470)($52,470)($52,470)($52,470)($52,470)($52,470)($52,470)($52,470)($52,470)
= Net Profit($3,928)$14,163$33,333$53,635$75,121$97,851$121,882$147,280$174,109$202,441
Internal Rate of Return-7.5%13.2%19.2%21.3%22.0%22.1%21.9%21.6%21.3%20.9%
Return on Investment-7.5%27.0%63.5%102.2%143.2%186.5%232.3%280.7%331.8%385.8%
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.