New Construction in Birmingham Metro
Hueytown, AL 35023
3bd • 2ba • Built: 2025
Tenant in place.
| Estimated Square Feet | 1,400 | | Initial Market Value | $265,000 | | Purchase Price | $265,000 | | Downpayment | $66,250 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $5,300 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $71,550 | | Cost per Square Foot / per Bedroom | $189 / $88,333 | | Monthly Rent per SQFT / per Bedroom | $1.27 / $592 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,775 | $21,300 | | Vacancy Losses | ($142) | ($1,704) | | Operating Income | $1,633 | $19,596 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($221) | ($2,650) | | Insurance | ($88) | ($1,060) | | Management Fees | ($131) | ($1,568) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($20) | ($240) | | Maintenance | ($36) | ($426) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($495) | ($5,944) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,138 | $13,652 | | - Mortgage Payments | ($1,192) | ($14,299) | | = Cash Flow | ($54) | ($647) | | + Principal Reduction | $203 | $2,441 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $497 | $5,963 | | + First-Year Appreciation | $1,325 | $15,900 | | = Gross Equity Income | $1,971 | $23,656 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $198,750 | N/A | | Monthly Payment | $1,191.61 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.000% / 3.000% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 0.95 | | Annual Gross Rent Multiplier | 12 | | Capitalization Rate | 5.2% | | Cash on Cash Return | -1% | | Return on Investment | 25% | | Return on Investment with IIDD | 33% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 2% |
| Comments |
|---|
| 2% toward closing costs/rate buydown and 2 years free property management with our in-house management company. |
*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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