New Construction in Huntsville Metro
Athens, AL 35613
4bd • 3ba • 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 | $22,800 | $23,712 | $24,660 | $25,647 | $26,673 | $27,740 | $28,849 | $30,003 | $31,203 | $32,452 |
| Vacancy Losses | ($1,824) | ($1,897) | ($1,973) | ($2,052) | ($2,134) | ($2,219) | ($2,308) | ($2,400) | ($2,496) | ($2,596) |
| Operating Income | $20,976 | $21,815 | $22,688 | $23,595 | $24,539 | $25,521 | $26,541 | $27,603 | $28,707 | $29,855 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,974) | ($2,034) | ($2,095) | ($2,157) | ($2,222) | ($2,289) | ($2,358) | ($2,428) | ($2,501) | ($2,576) |
| Insurance | ($1,215) | ($1,251) | ($1,289) | ($1,328) | ($1,367) | ($1,409) | ($1,451) | ($1,494) | ($1,539) | ($1,585) |
| 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 | ($480) | ($494) | ($509) | ($525) | ($540) | ($556) | ($573) | ($590) | ($608) | ($626) |
| Maintenance | ($456) | ($470) | ($484) | ($498) | ($513) | ($529) | ($544) | ($561) | ($578) | ($595) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($4,125) | ($4,249) | ($4,377) | ($4,508) | ($4,643) | ($4,782) | ($4,926) | ($5,074) | ($5,226) | ($5,383) |
| 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 | $16,851 | $17,566 | $18,311 | $19,087 | $19,896 | $20,738 | $21,615 | $22,529 | $23,481 | $24,473 |
| - Mortgage Payments | ($13,851) | ($13,851) | ($13,851) | ($13,851) | ($13,851) | ($13,851) | ($13,851) | ($11,092) | ($11,092) | ($11,092) |
| = Cash Flow | $2,999 | $3,714 | $4,460 | $5,236 | $6,044 | $6,887 | $7,764 | $11,438 | $12,389 | $13,381 |
| + Principal Reduction | $3,675 | $3,844 | $4,021 | $4,205 | $4,398 | $4,600 | $4,812 | $9,151 | $9,243 | $9,336 |
| + Appreciation | $18,225 | $19,319 | $20,478 | $21,706 | $23,009 | $24,389 | $25,853 | $27,404 | $29,048 | $30,791 |
| = Gross Equity Income | $24,899 | $26,877 | $28,958 | $31,147 | $33,451 | $35,876 | $38,428 | $47,992 | $50,680 | $53,508 |
| Capitalization Rate | 5.2% | 5.1% | 5.1% | 5.0% | 4.9% | 4.8% | 4.7% | 4.7% | 4.6% | 4.5% |
| Cash on Cash Return | 3.7% | 4.6% | 5.5% | 6.4% | 7.4% | 8.5% | 9.6% | 14.1% | 15.2% | 16.5% |
| Return on Equity | 25.4% | 22.2% | 19.9% | 18.2% | 16.8% | 15.7% | 14.9% | 16.3% | 15.2% | 14.3% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $321,975 | $341,294 | $361,771 | $383,477 | $406,486 | $430,875 | $456,728 | $484,131 | $513,179 | $543,970 |
| - Loan Balance | ($224,137) | ($220,293) | ($216,273) | ($212,068) | ($207,669) | ($203,069) | ($198,257) | ($189,106) | ($179,863) | ($170,527) |
| = Equity | $97,838 | $121,000 | $145,498 | $171,410 | $198,817 | $227,806 | $258,471 | $295,025 | $333,316 | $373,443 |
| Loan-to-Value Ratio | 69.6% | 64.5% | 59.8% | 55.3% | 51.1% | 47.1% | 43.4% | 39.1% | 35.0% | 31.3% |
| Potential Cash-Out Refi | $33,443 | $52,741 | $73,144 | $94,714 | $117,519 | $141,631 | $167,125 | $198,199 | $230,680 | $264,649 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $97,838 | $121,000 | $145,498 | $171,410 | $198,817 | $227,806 | $258,471 | $295,025 | $333,316 | $373,443 |
| - Closing Costs | ($22,538) | ($23,891) | ($25,324) | ($26,843) | ($28,454) | ($30,161) | ($31,971) | ($33,889) | ($35,923) | ($38,078) |
| = Proceeds After Sale | $75,299 | $97,109 | $120,174 | $144,566 | $170,363 | $197,645 | $226,500 | $261,136 | $297,394 | $335,365 |
| + Cumulative Cash Flow | $2,999 | $6,714 | $11,173 | $16,409 | $22,453 | $29,340 | $37,104 | $48,541 | $60,931 | $74,312 |
| - Approximate Cash Invested | ($81,253) | ($81,253) | ($81,253) | ($81,253) | ($81,253) | ($81,253) | ($81,253) | ($81,253) | ($81,253) | ($81,253) |
| = Net Profit | ($2,955) | $22,570 | $50,094 | $79,722 | $111,563 | $145,732 | $182,350 | $228,424 | $277,071 | $328,423 |
| Internal Rate of Return | -3.6% | 13.3% | 17.9% | 19.5% | 19.9% | 20.0% | 19.8% | 19.8% | 19.7% | 19.5% |
| Return on Investment | -3.6% | 27.8% | 61.7% | 98.1% | 137.3% | 179.4% | 224.4% | 281.1% | 341.0% | 404.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.