New Construction w/ 6% Seller Concession
Calera, AL 35040
4bd • 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 | $23,940 | $24,658 | $25,398 | $26,160 | $26,945 | $27,753 | $28,586 | $29,443 | $30,326 | $31,236 |
| Vacancy Losses | ($1,915) | ($1,973) | ($2,032) | ($2,093) | ($2,156) | ($2,220) | ($2,287) | ($2,355) | ($2,426) | ($2,499) |
| Operating Income | $22,025 | $22,686 | $23,366 | $24,067 | $24,789 | $25,533 | $26,299 | $27,088 | $27,900 | $28,737 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($2,050) | ($2,112) | ($2,175) | ($2,240) | ($2,308) | ($2,377) | ($2,448) | ($2,522) | ($2,597) | ($2,675) |
| Insurance | ($879) | ($905) | ($932) | ($960) | ($989) | ($1,019) | ($1,049) | ($1,081) | ($1,113) | ($1,147) |
| 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 | ($400) | ($412) | ($424) | ($437) | ($450) | ($464) | ($478) | ($492) | ($507) | ($522) |
| Maintenance | ($479) | ($493) | ($508) | ($523) | ($539) | ($555) | ($572) | ($589) | ($607) | ($625) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($3,808) | ($3,922) | ($4,040) | ($4,161) | ($4,286) | ($4,414) | ($4,547) | ($4,683) | ($4,824) | ($4,968) |
| 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 | $18,217 | $18,764 | $19,326 | $19,906 | $20,503 | $21,119 | $21,752 | $22,405 | $23,077 | $23,769 |
| - Mortgage Payments | ($12,906) | ($12,906) | ($12,906) | ($12,906) | ($12,906) | ($12,906) | ($12,906) | ($12,906) | ($12,906) | ($12,906) |
| = Cash Flow | $5,311 | $5,858 | $6,421 | $7,000 | $7,598 | $8,213 | $8,846 | $9,499 | $10,171 | $10,863 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $17,574 | $18,628 | $19,746 | $20,931 | $22,187 | $23,518 | $24,929 | $26,425 | $28,010 | $29,691 |
| = Gross Equity Income | $22,885 | $24,486 | $26,167 | $27,931 | $29,784 | $31,731 | $33,775 | $35,924 | $38,181 | $40,554 |
| Capitalization Rate | 5.9% | 5.7% | 5.5% | 5.4% | 5.2% | 5.1% | 4.9% | 4.8% | 4.7% | 4.5% |
| Cash on Cash Return | 6.7% | 7.4% | 8.1% | 8.9% | 9.6% | 10.4% | 11.2% | 12.0% | 12.9% | 13.7% |
| Return on Equity | 25.2% | 22.4% | 20.3% | 18.6% | 17.3% | 16.2% | 15.3% | 14.5% | 13.9% | 13.3% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $310,474 | $329,102 | $348,849 | $369,780 | $391,966 | $415,484 | $440,413 | $466,838 | $494,848 | $524,539 |
| - Loan Balance | ($219,675) | ($219,675) | ($219,675) | ($219,675) | ($219,675) | ($219,675) | ($219,675) | ($219,675) | ($219,675) | ($219,675) |
| = Equity | $90,799 | $109,427 | $129,174 | $150,105 | $172,291 | $195,809 | $220,738 | $247,163 | $275,173 | $304,864 |
| Loan-to-Value Ratio | 70.8% | 66.7% | 63.0% | 59.4% | 56.0% | 52.9% | 49.9% | 47.1% | 44.4% | 41.9% |
| Potential Cash-Out Refi | $59,752 | $76,517 | $94,289 | $113,127 | $133,095 | $154,261 | $176,697 | $200,479 | $225,689 | $252,410 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $90,799 | $109,427 | $129,174 | $150,105 | $172,291 | $195,809 | $220,738 | $247,163 | $275,173 | $304,864 |
| - Closing Costs | ($21,733) | ($23,037) | ($24,419) | ($25,885) | ($27,438) | ($29,084) | ($30,829) | ($32,679) | ($34,639) | ($36,718) |
| = Proceeds After Sale | $69,066 | $86,390 | $104,754 | $124,220 | $144,854 | $166,725 | $189,909 | $214,484 | $240,534 | $268,147 |
| + Cumulative Cash Flow | $5,311 | $11,169 | $17,589 | $24,590 | $32,187 | $40,400 | $49,246 | $58,745 | $68,916 | $79,779 |
| - Approximate Cash Invested | ($79,083) | ($79,083) | ($79,083) | ($79,083) | ($79,083) | ($79,083) | ($79,083) | ($79,083) | ($79,083) | ($79,083) |
| = Net Profit | ($4,706) | $18,476 | $43,261 | $69,727 | $97,958 | $128,042 | $160,073 | $194,146 | $230,367 | $268,843 |
| Internal Rate of Return | -6.0% | 11.4% | 16.6% | 18.5% | 19.2% | 19.5% | 19.4% | 19.3% | 19.1% | 18.8% |
| Return on Investment | -6.0% | 23.4% | 54.7% | 88.2% | 123.9% | 161.9% | 202.4% | 245.5% | 291.3% | 340.0% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.