New Construction in Huntsville Metro
Athens, AL 35611
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 | $24,000 | $24,960 | $25,958 | $26,997 | $28,077 | $29,200 | $30,368 | $31,582 | $32,846 | $34,159 |
| Vacancy Losses | ($1,920) | ($1,997) | ($2,077) | ($2,160) | ($2,246) | ($2,336) | ($2,429) | ($2,527) | ($2,628) | ($2,733) |
| Operating Income | $22,080 | $22,963 | $23,882 | $24,837 | $25,830 | $26,864 | $27,938 | $29,056 | $30,218 | $31,427 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($2,149) | ($2,214) | ($2,280) | ($2,349) | ($2,419) | ($2,492) | ($2,566) | ($2,643) | ($2,723) | ($2,804) |
| Insurance | ($1,323) | ($1,362) | ($1,403) | ($1,445) | ($1,489) | ($1,533) | ($1,579) | ($1,627) | ($1,675) | ($1,726) |
| 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 | ($480) | ($494) | ($509) | ($525) | ($540) | ($556) | ($573) | ($590) | ($608) | ($626) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($4,252) | ($4,379) | ($4,511) | ($4,646) | ($4,785) | ($4,929) | ($5,077) | ($5,229) | ($5,386) | ($5,548) |
| 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 | $17,828 | $18,584 | $19,371 | $20,191 | $21,045 | $21,935 | $22,861 | $23,827 | $24,832 | $25,879 |
| - Mortgage Payments | ($15,078) | ($15,078) | ($15,078) | ($15,078) | ($15,078) | ($15,078) | ($15,078) | ($12,074) | ($12,074) | ($12,074) |
| = Cash Flow | $2,750 | $3,506 | $4,293 | $5,113 | $5,967 | $6,856 | $7,783 | $11,753 | $12,758 | $13,805 |
| + Principal Reduction | $4,001 | $4,184 | $4,377 | $4,578 | $4,788 | $5,008 | $5,238 | $9,961 | $10,061 | $10,162 |
| + Appreciation | $19,839 | $21,029 | $22,291 | $23,629 | $25,046 | $26,549 | $28,142 | $29,831 | $31,620 | $33,518 |
| = Gross Equity Income | $26,590 | $28,719 | $30,961 | $33,319 | $35,801 | $38,413 | $41,163 | $51,545 | $54,440 | $57,485 |
| Capitalization Rate | 5.1% | 5.0% | 4.9% | 4.8% | 4.8% | 4.7% | 4.6% | 4.5% | 4.4% | 4.4% |
| Cash on Cash Return | 3.1% | 4.0% | 4.9% | 5.8% | 6.7% | 7.8% | 8.8% | 13.3% | 14.4% | 15.6% |
| Return on Equity | 25.0% | 21.8% | 19.5% | 17.9% | 16.5% | 15.5% | 14.6% | 16.0% | 15.0% | 14.1% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $350,489 | $371,518 | $393,809 | $417,438 | $442,484 | $469,033 | $497,175 | $527,006 | $558,626 | $592,144 |
| - Loan Balance | ($243,987) | ($239,802) | ($235,426) | ($230,848) | ($226,060) | ($221,052) | ($215,814) | ($205,853) | ($195,791) | ($185,629) |
| = Equity | $106,502 | $131,716 | $158,384 | $186,590 | $216,424 | $247,981 | $281,361 | $321,153 | $362,835 | $406,515 |
| 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 | $36,404 | $57,412 | $79,622 | $103,102 | $127,927 | $154,175 | $181,926 | $215,752 | $251,110 | $288,086 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $106,502 | $131,716 | $158,384 | $186,590 | $216,424 | $247,981 | $281,361 | $321,153 | $362,835 | $406,515 |
| - Closing Costs | ($24,534) | ($26,006) | ($27,567) | ($29,221) | ($30,974) | ($32,832) | ($34,802) | ($36,890) | ($39,104) | ($41,450) |
| = Proceeds After Sale | $81,968 | $105,710 | $130,817 | $157,369 | $185,450 | $215,149 | $246,559 | $284,263 | $323,731 | $365,065 |
| + Cumulative Cash Flow | $2,750 | $6,256 | $10,548 | $15,661 | $21,628 | $28,484 | $36,267 | $48,020 | $60,778 | $74,583 |
| - Approximate Cash Invested | ($88,449) | ($88,449) | ($88,449) | ($88,449) | ($88,449) | ($88,449) | ($88,449) | ($88,449) | ($88,449) | ($88,449) |
| = Net Profit | ($3,731) | $23,516 | $52,916 | $84,581 | $118,629 | $155,184 | $194,378 | $243,834 | $296,060 | $351,199 |
| Internal Rate of Return | -4.2% | 12.7% | 17.4% | 19.0% | 19.5% | 19.5% | 19.3% | 19.4% | 19.3% | 19.1% |
| Return on Investment | -4.2% | 26.6% | 59.8% | 95.6% | 134.1% | 175.5% | 219.8% | 275.7% | 334.7% | 397.1% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.