PRE-LEASED in Tuscaloosa + 2 Years Free Property Management
Tuscaloosa, AL 35405
4 Bed - 2 Bath - 2 Car Garage - Built 2023
| Square Feet | 1,769 | | Initial Market Value | $299,900 | | Purchase Price | $299,900 | | Downpayment | $74,975 | | Loan Origination Fees | $4,499 | | Depreciable Closing Costs | $8,997 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $88,471 | | Cost per Square Foot | $170 | | Monthly Rent per Square Foot | $1.07 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,895 | $22,740 | | Vacancy Losses | ($95) | ($1,137) | | Operating Income | $1,800 | $21,603 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($170) | ($2,039) | | Insurance | ($75) | ($900) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($21) | ($252) | | Maintenance | ($38) | ($455) | | Other | $0 | $0 | | Operating Expenses | ($304) | ($3,646) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,496 | $17,957 | | - Mortgage Payments | ($1,347) | ($16,165) | | = Cash Flow | $149 | $1,792 | | + Principal Reduction | $231 | $2,767 | | + First-Year Appreciation | $1,500 | $17,994 | | = Gross Equity Income | $1,879 | $22,553 | | + Tax Savings | $128 | $1,541 | | = GEI w/Tax Savings | $2,008 | $24,094 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $224,925 | $0 | | Monthly Payment | $1,347.09 | $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 | 158 | | Capitalization Rate | 6.0% | | Cash on Cash Return | 2% | | Total Return on Investment | 25% | | + 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 March 2025! New construction with 12 month warranty. 2 years 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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