New Construction in Huntsville Metro
New Market, AL 35761
3bd • 2ba • 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 | $18,000 | $18,720 | $19,469 | $20,248 | $21,057 | $21,900 | $22,776 | $23,687 | $24,634 | $25,620 |
| Vacancy Losses | ($1,440) | ($1,498) | ($1,558) | ($1,620) | ($1,685) | ($1,752) | ($1,822) | ($1,895) | ($1,971) | ($2,050) |
| Operating Income | $16,560 | $17,222 | $17,911 | $18,628 | $19,373 | $20,148 | $20,954 | $21,792 | $22,664 | $23,570 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,429) | ($1,472) | ($1,516) | ($1,562) | ($1,609) | ($1,657) | ($1,707) | ($1,758) | ($1,811) | ($1,865) |
| Insurance | ($880) | ($906) | ($933) | ($961) | ($990) | ($1,020) | ($1,050) | ($1,082) | ($1,114) | ($1,148) |
| 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 | ($408) | ($420) | ($433) | ($446) | ($459) | ($473) | ($487) | ($502) | ($517) | ($532) |
| Maintenance | ($360) | ($371) | ($382) | ($393) | ($405) | ($417) | ($430) | ($443) | ($456) | ($470) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($3,077) | ($3,169) | ($3,264) | ($3,362) | ($3,463) | ($3,567) | ($3,674) | ($3,784) | ($3,898) | ($4,015) |
| 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 | $13,483 | $14,053 | $14,647 | $15,265 | $15,910 | $16,581 | $17,280 | $18,008 | $18,766 | $19,555 |
| - Mortgage Payments | ($10,028) | ($10,028) | ($10,028) | ($10,028) | ($10,028) | ($10,028) | ($10,028) | ($8,030) | ($8,030) | ($8,030) |
| = Cash Flow | $3,455 | $4,025 | $4,619 | $5,238 | $5,882 | $6,553 | $7,252 | $9,978 | $10,736 | $11,526 |
| + Principal Reduction | $2,661 | $2,783 | $2,911 | $3,044 | $3,184 | $3,331 | $3,484 | $6,625 | $6,691 | $6,759 |
| + Appreciation | $13,194 | $13,986 | $14,825 | $15,714 | $16,657 | $17,657 | $18,716 | $19,839 | $21,029 | $22,291 |
| = Gross Equity Income | $19,310 | $20,794 | $22,355 | $23,996 | $25,723 | $27,540 | $29,451 | $36,442 | $38,457 | $40,575 |
| Capitalization Rate | 5.8% | 5.7% | 5.6% | 5.5% | 5.4% | 5.3% | 5.2% | 5.1% | 5.1% | 5.0% |
| Cash on Cash Return | 5.9% | 6.8% | 7.9% | 8.9% | 10.0% | 11.1% | 12.3% | 17.0% | 18.3% | 19.6% |
| Return on Equity | 27.3% | 23.7% | 21.2% | 19.3% | 17.9% | 16.7% | 15.7% | 17.1% | 15.9% | 15.0% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $233,094 | $247,080 | $261,904 | $277,619 | $294,276 | $311,932 | $330,648 | $350,487 | $371,516 | $393,807 |
| - Loan Balance | ($162,264) | ($159,482) | ($156,571) | ($153,527) | ($150,342) | ($147,012) | ($143,528) | ($136,903) | ($130,212) | ($123,453) |
| = Equity | $70,830 | $87,598 | $105,334 | $124,092 | $143,934 | $164,921 | $187,120 | $213,584 | $241,305 | $270,354 |
| Loan-to-Value Ratio | 69.6% | 64.5% | 59.8% | 55.3% | 51.1% | 47.1% | 43.4% | 39.1% | 35.0% | 31.3% |
| Potential Cash-Out Refi | $24,211 | $38,182 | $52,953 | $68,568 | $85,078 | $102,534 | $120,990 | $143,486 | $167,001 | $191,593 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $70,830 | $87,598 | $105,334 | $124,092 | $143,934 | $164,921 | $187,120 | $213,584 | $241,305 | $270,354 |
| - Closing Costs | ($16,317) | ($17,296) | ($18,333) | ($19,433) | ($20,599) | ($21,835) | ($23,145) | ($24,534) | ($26,006) | ($27,567) |
| = Proceeds After Sale | $54,513 | $70,302 | $87,000 | $104,659 | $123,334 | $143,085 | $163,975 | $189,050 | $215,298 | $242,788 |
| + Cumulative Cash Flow | $3,455 | $7,481 | $12,100 | $17,337 | $23,219 | $29,772 | $37,024 | $47,002 | $57,738 | $69,263 |
| - Approximate Cash Invested | ($58,823) | ($58,823) | ($58,823) | ($58,823) | ($58,823) | ($58,823) | ($58,823) | ($58,823) | ($58,823) | ($58,823) |
| = Net Profit | ($855) | $18,960 | $40,277 | $63,173 | $87,730 | $114,034 | $142,176 | $177,228 | $214,213 | $253,228 |
| Internal Rate of Return | -1.5% | 15.4% | 19.9% | 21.4% | 21.7% | 21.7% | 21.4% | 21.4% | 21.3% | 21.0% |
| Return on Investment | -1.5% | 32.2% | 68.5% | 107.4% | 149.1% | 193.9% | 241.7% | 301.3% | 364.2% | 430.5% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.