Property Information
New Construction in Birmingham Suburbs
Vance, AL 35490
4 Beds - 2 Baths - 2 Car Garage
| General Information | |
|---|---|
| Square Feet | 1,774 |
| Purchase Price | $275,000 |
| Initial Market Value | $275,000 |
| Downpayment | $82,500 |
| Closing Costs | $11,000 |
| Initial Cash Invested | $93,500 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $1,800 | $21,600 |
| Vacancy Losses | $144 | $1,728 |
| Operating Income | $1,656 | $19,872 |
| Operating Expenses | $466 | $5,595 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 5.2% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 21% |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $1,190 | $14,278 |
| - Mortgage Payments | $1,108 | $13,298 |
| = Cash Flow | $82 | $980 |
| + Principal Reduction | $211 | $2,534 |
| + First-Year Appreciation | $1,375 | $16,500 |
| = Gross Equity Income | $1,668 | $20,014 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 86% |
| Comments |
|---|
| New construction Builder warranty Birmingham suburbs Incentives include: 2% toward closing costs + fridge + blinds! |
*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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