PRE-LEASED + 1 Year Free Management
Bessemer, AL 35022
4 Beds - 2 Baths - 2 Car Gar - Built in 2023
| Square Feet | 1,610 | | Initial Market Value | $286,900 | | Purchase Price | $286,900 | | Downpayment | $71,725 | | Loan Origination Fees | $4,304 | | Depreciable Closing Costs | $8,607 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $84,636 | | Cost per Square Foot | $178 | | Monthly Rent per Square Foot | $1.11 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,795 | $21,540 | | Vacancy Losses | ($90) | ($1,077) | | Operating Income | $1,705 | $20,463 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($163) | ($1,951) | | Insurance | ($72) | ($861) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($36) | ($431) | | Other | $0 | $0 | | Operating Expenses | ($270) | ($3,242) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,435 | $17,221 | | - Mortgage Payments | ($1,289) | ($15,464) | | = Cash Flow | $146 | $1,756 | | + Principal Reduction | $221 | $2,647 | | + First-Year Appreciation | $1,435 | $17,214 | | = Gross Equity Income | $1,801 | $21,618 | | + Tax Savings | $122 | $1,460 | | = GEI w/Tax Savings | $1,923 | $23,077 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $215,175 | $0 | | Monthly Payment | $1,288.70 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.11 | | Annual Gross Rent Multiplier | 13 | | Monthly Gross Rent Multiplier | 160 | | Capitalization Rate | 6.0% | | Cash on Cash Return | 2% | | Total Return on Investment | 26% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| PRE-LEASED through November 2024! New construction with 12 month warranty. 1 year free property management! |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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