Well-Maintained Existing Property near Tuscaloosa
Moundville, AL 35474
3 bedrooms 2 bathrooms 2018 year built
Under $200k property in a great neighborhood!
| General Information | |
|---|
| Square Feet | 1,279 | | Purchase Price | $189,900 | | Initial Market Value | $189,900 | | Downpayment | $47,475 | | Closing Costs | $9,376 | | Approximate Cash Invested | $56,851 |
| Income & Expenses | Monthly | Annual |
|---|
| Projected Rent | $1,400 | $16,800 | | Vacancy Losses | $112 | $1,344 | | Operating Income | $1,288 | $15,456 | | 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 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.0% | | Cash on Cash Return | 1% | | Return on Investment | 24% |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 86% |
| 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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