New Construction w/ 8% Seller Concession (must close by April 29, 2026)
Odenville, AL 35120
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 | $21,540 | $22,186 | $22,852 | $23,537 | $24,243 | $24,971 | $25,720 | $26,491 | $27,286 | $28,105 |
| Vacancy Losses | ($1,723) | ($1,775) | ($1,828) | ($1,883) | ($1,939) | ($1,998) | ($2,058) | ($2,119) | ($2,183) | ($2,248) |
| Operating Income | $19,817 | $20,411 | $21,024 | $21,654 | $22,304 | $22,973 | $23,662 | $24,372 | $25,103 | $25,856 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,861) | ($1,917) | ($1,975) | ($2,034) | ($2,095) | ($2,158) | ($2,222) | ($2,289) | ($2,358) | ($2,429) |
| Insurance | ($798) | ($822) | ($846) | ($872) | ($898) | ($925) | ($952) | ($981) | ($1,011) | ($1,041) |
| 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 | ($550) | ($566) | ($583) | ($601) | ($619) | ($638) | ($657) | ($676) | ($697) | ($718) |
| Maintenance | ($431) | ($444) | ($457) | ($471) | ($485) | ($499) | ($514) | ($530) | ($546) | ($562) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($3,640) | ($3,749) | ($3,861) | ($3,977) | ($4,097) | ($4,219) | ($4,346) | ($4,476) | ($4,611) | ($4,749) |
| 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 | $16,177 | $16,662 | $17,162 | $17,677 | $18,207 | $18,754 | $19,316 | $19,896 | $20,493 | $21,107 |
| - Mortgage Payments | ($12,215) | ($12,215) | ($12,215) | ($12,215) | ($12,215) | ($12,215) | ($12,215) | ($12,215) | ($12,215) | ($12,215) |
| = Cash Flow | $3,962 | $4,448 | $4,947 | $5,462 | $5,993 | $6,539 | $7,101 | $7,681 | $8,278 | $8,893 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $15,954 | $16,911 | $17,926 | $19,001 | $20,142 | $21,350 | $22,631 | $23,989 | $25,428 | $26,954 |
| = Gross Equity Income | $19,916 | $21,359 | $22,873 | $24,464 | $26,134 | $27,889 | $29,732 | $31,670 | $33,706 | $35,847 |
| Capitalization Rate | 5.7% | 5.6% | 5.4% | 5.3% | 5.1% | 5.0% | 4.8% | 4.7% | 4.6% | 4.4% |
| Cash on Cash Return | 5.5% | 6.2% | 6.9% | 7.6% | 8.3% | 9.1% | 9.9% | 10.7% | 11.5% | 12.4% |
| Return on Equity | 24.2% | 21.5% | 19.5% | 18.0% | 16.7% | 15.7% | 14.8% | 14.1% | 13.5% | 13.0% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $281,854 | $298,765 | $316,691 | $335,693 | $355,834 | $377,184 | $399,815 | $423,804 | $449,232 | $476,186 |
| - Loan Balance | ($199,425) | ($199,425) | ($199,425) | ($199,425) | ($199,425) | ($199,425) | ($199,425) | ($199,425) | ($199,425) | ($199,425) |
| = Equity | $82,429 | $99,340 | $117,266 | $136,268 | $156,409 | $177,759 | $200,390 | $224,379 | $249,807 | $276,761 |
| 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 | $54,244 | $69,464 | $85,597 | $102,698 | $120,826 | $140,041 | $160,409 | $181,999 | $204,884 | $229,143 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $82,429 | $99,340 | $117,266 | $136,268 | $156,409 | $177,759 | $200,390 | $224,379 | $249,807 | $276,761 |
| - Closing Costs | ($19,730) | ($20,914) | ($22,168) | ($23,498) | ($24,908) | ($26,403) | ($27,987) | ($29,666) | ($31,446) | ($33,333) |
| = Proceeds After Sale | $62,699 | $78,427 | $95,098 | $112,769 | $131,501 | $151,356 | $172,403 | $194,713 | $218,361 | $243,428 |
| + Cumulative Cash Flow | $3,962 | $8,410 | $13,357 | $18,820 | $24,812 | $31,351 | $38,452 | $46,133 | $54,411 | $63,304 |
| - Approximate Cash Invested | ($71,793) | ($71,793) | ($71,793) | ($71,793) | ($71,793) | ($71,793) | ($71,793) | ($71,793) | ($71,793) | ($71,793) |
| = Net Profit | ($5,132) | $15,043 | $36,662 | $59,796 | $84,520 | $110,914 | $139,063 | $169,053 | $200,979 | $234,939 |
| Internal Rate of Return | -7.1% | 10.2% | 15.4% | 17.4% | 18.2% | 18.5% | 18.5% | 18.4% | 18.2% | 18.0% |
| Return on Investment | -7.1% | 21.0% | 51.1% | 83.3% | 117.7% | 154.5% | 193.7% | 235.5% | 279.9% | 327.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.