New Construction w/ 6% Seller Concession
Gardendale, AL 35117
5bd • 3ba • Built: 2026
5.875% DSCR 30/10 IO thru preferred lender
| Estimated Square Feet | 2,511 | | Initial Market Value | $364,900 | | Purchase Price | $364,900 | | Downpayment | $91,225 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $7,298 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $98,523 | | Cost per Square Foot / per Bedroom | $145 / $72,980 | | Monthly Rent per SQFT / per Bedroom | $0.99 / $499 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,495 | $29,940 | | Vacancy Losses | ($200) | ($2,395) | | Operating Income | $2,295 | $27,545 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($213) | ($2,554) | | Insurance | ($91) | ($1,095) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($33) | ($390) | | Maintenance | ($50) | ($599) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($386) | ($4,638) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,909 | $22,907 | | - Mortgage Payments | ($1,340) | ($16,078) | | = Cash Flow | $569 | $6,829 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $684 | $8,210 | | + First-Year Appreciation | $1,825 | $21,894 | | = Gross Equity Income | $3,078 | $36,933 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $273,675 | N/A | | Monthly Payment | $1,339.87 | N/A | | Loan Type | Interest Only Fixed | N/A | | Term | 10 Years | N/A | | Nominal / Real Interest Rate | 5.875% / 2.875% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 1.42 | | Annual Gross Rent Multiplier | 12 | | Capitalization Rate | 6.3% | | Cash on Cash Return | 7% | | 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 | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| 6% Seller concession to be used towards rate buy down (with preferred lender to 5.875% on DSCR loan), closing costs and property management. |
*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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