Well-Maintained Existing Property near Tuscaloosa
Moundville, AL 35474
3 bedrooms 2 bathrooms 2018 year built
Under $200k property in a great neighborhood!
| Square Feet | 1,279 | | Initial Market Value | $189,900 | | Purchase Price | $189,900 | | Downpayment | $47,475 | | Loan Origination Fees | $1,780 | | Depreciable Closing Costs | $7,596 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $56,851 | | Cost per Square Foot | $148 | | Monthly Rent per Square Foot | $1.09 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,400 | $16,800 | | Vacancy Losses | ($112) | ($1,344) | | Operating Income | $1,288 | $15,456 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($103) | ($1,234) | | Insurance | ($66) | ($798) | | Management Fees | ($86) | ($1,032) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($20) | ($240) | | Maintenance | ($70) | ($840) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($345) | ($4,144) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $943 | $11,312 | | - Mortgage Payments | ($889) | ($10,663) | | = Cash Flow | $54 | $649 | | + Principal Reduction | $136 | $1,630 | | + First-Year Appreciation | $950 | $11,394 | | = Gross Equity Income | $1,139 | $13,674 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $142,425 | $0 | | Monthly Payment | $888.55 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 1.06 | | Annual Gross Rent Multiplier | 11 | | Capitalization Rate | 6.0% | | Cash on Cash Return | 1% | | Return on Investment | 24% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | $86 | | Maintenance Percentage | 5% |
| Comments |
|---|
| Existing property, great condition, proven rental history. |
*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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