New Construction in Huntsville Metro - Townhouse
Madison, AL 35758
3bd • 2ba • Built: 2025
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $22,200 | $23,088 | $24,012 | $24,972 | $25,971 | $27,010 | $28,090 | $29,214 | $30,382 | $31,598 |
| Vacancy Losses | ($1,776) | ($1,847) | ($1,921) | ($1,998) | ($2,078) | ($2,161) | ($2,247) | ($2,337) | ($2,431) | ($2,528) |
| Operating Income | $20,424 | $21,241 | $22,091 | $22,974 | $23,893 | $24,849 | $25,843 | $26,877 | $27,952 | $29,070 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,886) | ($1,943) | ($2,001) | ($2,061) | ($2,123) | ($2,186) | ($2,252) | ($2,320) | ($2,389) | ($2,461) |
| Insurance | ($1,161) | ($1,195) | ($1,231) | ($1,268) | ($1,306) | ($1,345) | ($1,386) | ($1,427) | ($1,470) | ($1,514) |
| 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 | ($1,800) | ($1,854) | ($1,910) | ($1,967) | ($2,026) | ($2,087) | ($2,149) | ($2,214) | ($2,280) | ($2,349) |
| Maintenance | ($444) | ($457) | ($471) | ($485) | ($500) | ($515) | ($530) | ($546) | ($562) | ($579) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($5,291) | ($5,449) | ($5,613) | ($5,781) | ($5,955) | ($6,133) | ($6,317) | ($6,507) | ($6,702) | ($6,903) |
| 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 | $15,133 | $15,792 | $16,478 | $17,193 | $17,939 | $18,716 | $19,526 | $20,370 | $21,250 | $22,167 |
| - Mortgage Payments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Cash Flow | $15,133 | $15,792 | $16,478 | $17,193 | $17,939 | $18,716 | $19,526 | $20,370 | $21,250 | $22,167 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $17,409 | $18,454 | $19,561 | $20,734 | $21,978 | $23,297 | $24,695 | $26,177 | $27,747 | $29,412 |
| = Gross Equity Income | $32,542 | $34,245 | $36,039 | $37,927 | $39,917 | $42,013 | $44,221 | $46,547 | $48,997 | $51,579 |
| Capitalization Rate | 4.9% | 4.8% | 4.8% | 4.7% | 4.6% | 4.5% | 4.5% | 4.4% | 4.3% | 4.3% |
| Cash on Cash Return | 5.2% | 5.4% | 5.6% | 5.9% | 6.1% | 6.4% | 6.7% | 7.0% | 7.3% | 7.6% |
| Return on Equity | 10.6% | 10.5% | 10.4% | 10.4% | 10.3% | 10.2% | 10.1% | 10.1% | 10.0% | 9.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $307,559 | $326,013 | $345,573 | $366,308 | $388,286 | $411,583 | $436,278 | $462,455 | $490,202 | $519,614 |
| - Loan Balance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Equity | $307,559 | $326,013 | $345,573 | $366,308 | $388,286 | $411,583 | $436,278 | $462,455 | $490,202 | $519,614 |
| Loan-to-Value Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Potential Cash-Out Refi | $246,047 | $260,810 | $276,459 | $293,046 | $310,629 | $329,267 | $349,023 | $369,964 | $392,162 | $415,692 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $307,559 | $326,013 | $345,573 | $366,308 | $388,286 | $411,583 | $436,278 | $462,455 | $490,202 | $519,614 |
| - Closing Costs | ($21,529) | ($22,821) | ($24,190) | ($25,642) | ($27,180) | ($28,811) | ($30,539) | ($32,372) | ($34,314) | ($36,373) |
| = Proceeds After Sale | $286,030 | $303,192 | $321,383 | $340,666 | $361,106 | $382,772 | $405,739 | $430,083 | $455,888 | $483,241 |
| + Cumulative Cash Flow | $15,133 | $30,925 | $47,403 | $64,596 | $82,535 | $101,250 | $120,776 | $141,146 | $162,395 | $184,562 |
| - Approximate Cash Invested | ($293,052) | ($293,052) | ($293,052) | ($293,052) | ($293,052) | ($293,052) | ($293,052) | ($293,052) | ($293,052) | ($293,052) |
| = Net Profit | $8,112 | $41,065 | $75,735 | $112,211 | $150,589 | $190,971 | $233,463 | $278,177 | $325,232 | $374,752 |
| Internal Rate of Return | 2.8% | 6.9% | 8.3% | 9.0% | 9.4% | 9.7% | 9.9% | 10.0% | 10.1% | 10.1% |
| Return on Investment | 2.8% | 14.0% | 25.8% | 38.3% | 51.4% | 65.2% | 79.7% | 94.9% | 111.0% | 127.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.