New Construction in Tuscaloosa
Vance, AL 35490
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 | $20,700 | $21,528 | $22,389 | $23,285 | $24,216 | $25,185 | $26,192 | $27,240 | $28,329 | $29,463 |
| Vacancy Losses | ($1,656) | ($1,722) | ($1,791) | ($1,863) | ($1,937) | ($2,015) | ($2,095) | ($2,179) | ($2,266) | ($2,357) |
| Operating Income | $19,044 | $19,806 | $20,598 | $21,422 | $22,279 | $23,170 | $24,097 | $25,061 | $26,063 | $27,106 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,738) | ($1,790) | ($1,844) | ($1,899) | ($1,956) | ($2,015) | ($2,075) | ($2,138) | ($2,202) | ($2,268) |
| Insurance | ($1,070) | ($1,102) | ($1,135) | ($1,169) | ($1,204) | ($1,240) | ($1,277) | ($1,315) | ($1,355) | ($1,396) |
| 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 | ($300) | ($309) | ($318) | ($328) | ($338) | ($348) | ($358) | ($369) | ($380) | ($391) |
| Maintenance | ($414) | ($426) | ($439) | ($452) | ($466) | ($480) | ($494) | ($509) | ($524) | ($540) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($3,522) | ($3,627) | ($3,736) | ($3,848) | ($3,964) | ($4,083) | ($4,205) | ($4,331) | ($4,461) | ($4,595) |
| 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 | $15,522 | $16,178 | $16,862 | $17,574 | $18,315 | $19,087 | $19,892 | $20,729 | $21,602 | $22,511 |
| - Mortgage Payments | ($11,317) | ($11,317) | ($11,317) | ($11,317) | ($11,317) | ($11,317) | ($11,317) | ($11,776) | ($11,776) | ($11,776) |
| = Cash Flow | $4,206 | $4,862 | $5,545 | $6,257 | $6,998 | $7,771 | $8,575 | $8,954 | $9,826 | $10,735 |
| + Principal Reduction | $3,609 | $3,751 | $3,899 | $4,053 | $4,213 | $4,379 | $4,552 | $7,133 | $7,331 | $7,535 |
| + Appreciation | $16,044 | $17,007 | $18,027 | $19,109 | $20,255 | $21,470 | $22,759 | $24,124 | $25,572 | $27,106 |
| = Gross Equity Income | $23,859 | $25,620 | $27,472 | $29,419 | $31,467 | $33,620 | $35,886 | $40,211 | $42,729 | $45,376 |
| Capitalization Rate | 5.5% | 5.4% | 5.3% | 5.2% | 5.1% | 5.0% | 4.9% | 4.9% | 4.8% | 4.7% |
| Cash on Cash Return | 5.9% | 6.8% | 7.8% | 8.7% | 9.8% | 10.9% | 12.0% | 12.5% | 13.7% | 15.0% |
| Return on Equity | 27.6% | 23.9% | 21.3% | 19.3% | 17.8% | 16.6% | 15.6% | 15.4% | 14.5% | 13.8% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $283,444 | $300,451 | $318,478 | $337,586 | $357,842 | $379,312 | $402,071 | $426,195 | $451,767 | $478,873 |
| - Loan Balance | ($196,941) | ($193,190) | ($189,290) | ($185,237) | ($181,024) | ($176,645) | ($172,093) | ($164,960) | ($157,629) | ($150,094) |
| = Equity | $86,503 | $107,261 | $129,188 | $152,349 | $176,818 | $202,667 | $229,978 | $261,235 | $294,138 | $328,779 |
| 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 | $29,814 | $47,171 | $65,492 | $84,832 | $105,249 | $126,805 | $149,564 | $175,996 | $203,784 | $233,005 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $86,503 | $107,261 | $129,188 | $152,349 | $176,818 | $202,667 | $229,978 | $261,235 | $294,138 | $328,779 |
| - Closing Costs | ($19,841) | ($21,032) | ($22,293) | ($23,631) | ($25,049) | ($26,552) | ($28,145) | ($29,834) | ($31,624) | ($33,521) |
| = Proceeds After Sale | $66,662 | $86,230 | $106,894 | $128,718 | $151,769 | $176,116 | $201,833 | $231,401 | $262,514 | $295,258 |
| + Cumulative Cash Flow | $4,206 | $9,067 | $14,612 | $20,869 | $27,868 | $35,638 | $44,213 | $53,167 | $62,993 | $73,728 |
| - Approximate Cash Invested | ($71,530) | ($71,530) | ($71,530) | ($71,530) | ($71,530) | ($71,530) | ($71,530) | ($71,530) | ($71,530) | ($71,530) |
| = Net Profit | ($662) | $23,767 | $49,977 | $78,058 | $108,107 | $140,224 | $174,517 | $213,039 | $253,978 | $297,457 |
| Internal Rate of Return | -0.9% | 15.8% | 20.2% | 21.6% | 21.9% | 21.8% | 21.5% | 21.3% | 20.9% | 20.6% |
| Return on Investment | -0.9% | 33.2% | 69.9% | 109.1% | 151.1% | 196.0% | 244.0% | 297.8% | 355.1% | 415.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.