New Construction in Birmingham Metro
Kimberly, AL 35091
4bd • 2.5ba • Built: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $25,200 | $26,208 | $27,256 | $28,347 | $29,480 | $30,660 | $31,886 | $33,161 | $34,488 | $35,867 |
| Vacancy Losses | ($2,016) | ($2,097) | ($2,181) | ($2,268) | ($2,358) | ($2,453) | ($2,551) | ($2,653) | ($2,759) | ($2,869) |
| Operating Income | $23,184 | $24,111 | $25,076 | $26,079 | $27,122 | $28,207 | $29,335 | $30,509 | $31,729 | $32,998 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($2,177) | ($2,242) | ($2,309) | ($2,379) | ($2,450) | ($2,524) | ($2,599) | ($2,677) | ($2,758) | ($2,840) |
| Insurance | ($1,340) | ($1,380) | ($1,421) | ($1,464) | ($1,508) | ($1,553) | ($1,600) | ($1,648) | ($1,697) | ($1,748) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($600) | ($618) | ($637) | ($656) | ($675) | ($696) | ($716) | ($738) | ($760) | ($783) |
| Maintenance | ($504) | ($519) | ($535) | ($551) | ($567) | ($584) | ($602) | ($620) | ($638) | ($658) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($4,620) | ($4,759) | ($4,902) | ($5,049) | ($5,200) | ($5,356) | ($5,517) | ($5,683) | ($5,853) | ($6,029) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $18,564 | $19,352 | $20,174 | $21,030 | $21,922 | $22,851 | $23,818 | $24,826 | $25,876 | $26,969 |
| - Mortgage Payments | ($14,173) | ($14,173) | ($14,173) | ($14,173) | ($14,173) | ($14,173) | ($14,173) | ($14,748) | ($14,748) | ($14,748) |
| = Cash Flow | $4,390 | $5,179 | $6,001 | $6,857 | $7,748 | $8,677 | $9,645 | $10,078 | $11,128 | $12,221 |
| + Principal Reduction | $4,520 | $4,698 | $4,884 | $5,076 | $5,277 | $5,485 | $5,701 | $8,933 | $9,182 | $9,437 |
| + Appreciation | $20,094 | $21,300 | $22,578 | $23,932 | $25,368 | $26,890 | $28,504 | $30,214 | $32,027 | $33,948 |
| = Gross Equity Income | $29,004 | $31,177 | $33,462 | $35,865 | $38,393 | $41,052 | $43,850 | $49,225 | $52,336 | $55,607 |
| Capitalization Rate | 5.2% | 5.1% | 5.1% | 5.0% | 4.9% | 4.8% | 4.7% | 4.7% | 4.6% | 4.5% |
| Cash on Cash Return | 4.9% | 5.8% | 6.7% | 7.7% | 8.6% | 9.7% | 10.8% | 11.2% | 12.4% | 13.6% |
| Return on Equity | 26.8% | 23.2% | 20.7% | 18.8% | 17.3% | 16.2% | 15.2% | 15.0% | 14.2% | 13.5% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $354,994 | $376,294 | $398,871 | $422,804 | $448,172 | $475,062 | $503,566 | $533,780 | $565,807 | $599,755 |
| - Loan Balance | ($246,655) | ($241,956) | ($237,073) | ($231,996) | ($226,720) | ($221,235) | ($215,534) | ($206,601) | ($197,419) | ($187,982) |
| = Equity | $108,339 | $134,337 | $161,799 | $190,807 | $221,452 | $253,827 | $288,032 | $327,179 | $368,387 | $411,773 |
| Loan-to-Value Ratio | 69.5% | 64.3% | 59.4% | 54.9% | 50.6% | 46.6% | 42.8% | 38.7% | 34.9% | 31.3% |
| Potential Cash-Out Refi | $37,340 | $59,078 | $82,024 | $106,247 | $131,818 | $158,815 | $187,319 | $220,423 | $255,226 | $291,822 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $108,339 | $134,337 | $161,799 | $190,807 | $221,452 | $253,827 | $288,032 | $327,179 | $368,387 | $411,773 |
| - Closing Costs | ($24,850) | ($26,341) | ($27,921) | ($29,596) | ($31,372) | ($33,254) | ($35,250) | ($37,365) | ($39,606) | ($41,983) |
| = Proceeds After Sale | $83,490 | $107,997 | $133,878 | $161,211 | $190,080 | $220,573 | $252,782 | $289,814 | $328,781 | $369,790 |
| + Cumulative Cash Flow | $4,390 | $9,569 | $15,570 | $22,426 | $30,174 | $38,851 | $48,496 | $58,574 | $69,702 | $81,923 |
| - Approximate Cash Invested | ($89,586) | ($89,586) | ($89,586) | ($89,586) | ($89,586) | ($89,586) | ($89,586) | ($89,586) | ($89,586) | ($89,586) |
| = Net Profit | ($1,706) | $27,980 | $59,861 | $94,051 | $130,669 | $169,838 | $211,693 | $258,802 | $308,897 | $362,128 |
| Internal Rate of Return | -1.9% | 14.9% | 19.4% | 20.8% | 21.1% | 21.0% | 20.8% | 20.6% | 20.2% | 19.9% |
| Return on Investment | -1.9% | 31.2% | 66.8% | 105.0% | 145.9% | 189.6% | 236.3% | 288.9% | 344.8% | 404.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.