New Construction
Odenville, AL 35120
3 bdrm/ 3 bath - Built 2023
| Square Feet | 1,804 | | Initial Market Value | $265,000 | | Purchase Price | $265,000 | | Downpayment | $66,250 | | Loan Origination Fees | $3,975 | | Depreciable Closing Costs | $5,300 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $75,525 | | Cost per Square Foot | $147 | | Monthly Rent per Square Foot | $1.02 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,845 | $22,140 | | Vacancy Losses | ($148) | ($1,771) | | Operating Income | $1,697 | $20,369 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($155) | ($1,855) | | Insurance | ($88) | ($1,060) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($30) | ($360) | | Maintenance | ($55) | ($664) | | Other | $0 | $0 | | Operating Expenses | ($328) | ($3,939) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,369 | $16,430 | | - Mortgage Payments | ($1,190) | ($14,284) | | = Cash Flow | $179 | $2,146 | | + Principal Reduction | $204 | $2,445 | | + First-Year Appreciation | $1,325 | $15,900 | | = Gross Equity Income | $1,708 | $20,491 | | + Tax Savings | $95 | $1,136 | | = GEI w/Tax Savings | $1,802 | $21,627 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $198,750 | $0 | | Monthly Payment | $1,190.33 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.15 | | Annual Gross Rent Multiplier | 12 | | Monthly Gross Rent Multiplier | 144 | | Capitalization Rate | 6.2% | | Cash on Cash Return | 3% | | Total Return on Investment | 27% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|
