PRE-LEASED Home - Long-Term Tenant!
Hoover, AL 35244
3bd • 2ba • Built: 2016
Immediate cash flow with tenant in place!
| Estimated Square Feet | 1,443 | | Initial Market Value | $280,000 | | Purchase Price | $280,000 | | Downpayment | $84,000 | | Loan Origination Fees | $6,860 | | Depreciable Closing Costs | $7,000 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $97,860 | | Cost per Square Foot / per Bedroom | $194 / $93,333 | | Monthly Rent per SQFT / per Bedroom | $1.24 / $598 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,795 | $21,540 | | Vacancy Losses | ($144) | ($1,723) | | Operating Income | $1,651 | $19,817 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($152) | ($1,820) | | Insurance | ($98) | ($1,176) | | Management Fees | ($86) | ($1,032) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($66) | ($792) | | Maintenance | ($36) | ($431) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($438) | ($5,251) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,214 | $14,566 | | - Mortgage Payments | ($1,082) | ($12,985) | | = Cash Flow | $132 | $1,581 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $490 | $5,880 | | + First-Year Appreciation | $1,400 | $16,800 | | = Gross Equity Income | $2,022 | $24,261 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | N/A | | Loan Amount | $196,000 | N/A | | Monthly Payment | $1,082.08 | N/A | | Loan Type | Interest Only Fixed | N/A | | Term | 10 Years | N/A | | Nominal / Real Interest Rate | 6.625% / 3.625% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 1.12 | | Annual Gross Rent Multiplier | 13 | | Capitalization Rate | 5.2% | | Cash on Cash Return | 2% | | Return on Investment | 19% | | Return on Investment with IIDD | 25% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | $86 | | Maintenance Percentage | 2% |
| Comments |
|---|
| Desirable suburb of Birmingham! Tenant in place until June 2027. |
*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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