New Construction in Birmingham Metro
Pleasant Grove, AL 35127
3bd • 2ba • Built: 2026
Brand new single family home in Birmingham
| Estimated Square Feet | 1,549 | | Initial Market Value | $265,000 | | Purchase Price | $265,000 | | Downpayment | $66,250 | | Loan Origination Fees | $3,975 | | Depreciable Closing Costs | $2,650 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $72,875 | | Cost per Square Foot / per Bedroom | $171 / $88,333 | | Monthly Rent per SQFT / per Bedroom | $1.19 / $617 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,850 | $22,200 | | Vacancy Losses | ($148) | ($1,776) | | Operating Income | $1,702 | $20,424 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($327) | ($3,922) | | Insurance | ($88) | ($1,060) | | Management Fees | ($60) | ($720) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($37) | ($444) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($512) | ($6,146) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,190 | $14,278 | | - Mortgage Payments | ($1,037) | ($12,441) | | = Cash Flow | $153 | $1,837 | | + Principal Reduction | $256 | $3,067 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $497 | $5,963 | | + First-Year Appreciation | $1,325 | $15,900 | | = Gross Equity Income | $2,231 | $26,766 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $198,750 | N/A | | Monthly Payment | $1,036.77 | N/A | | Loan Type | Amortizing ARM | N/A | | Term | 5 Years | N/A | | Nominal / Real Interest Rate | 4.750% / 1.750% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 1.15 | | Annual Gross Rent Multiplier | 12 | | Capitalization Rate | 5.4% | | Cash on Cash Return | 3% | | Return on Investment | 29% | | Return on Investment with IIDD | 37% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | $60 | | Maintenance Percentage | 2% |
| Comments |
|---|
| Seller to purchase interest rate down to 5.75% on 5/6 ARM. |
*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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