New Construction in Birmingham Metro
McCalla, AL 35022
4 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,497 | | Initial Market Value | $297,400 | | Purchase Price | $297,400 | | Downpayment | $89,220 | | Loan Origination Fees | $4,164 | | Depreciable Closing Costs | $2,974 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $96,358 | | Cost per Square Foot | $199 | | Monthly Rent per Square Foot | $1.22 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,825 | $21,900 | | Vacancy Losses | ($146) | ($1,752) | | Operating Income | $1,679 | $20,148 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($198) | ($2,379) | | Insurance | ($112) | ($1,338) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($42) | ($504) | | Maintenance | ($37) | ($438) | | Other | $0 | $0 | | Operating Expenses | ($496) | ($5,956) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,183 | $14,193 | | - Mortgage Payments | ($1,299) | ($15,585) | | = Cash Flow | ($116) | ($1,393) | | + Principal Reduction | $199 | $2,383 | | + First-Year Appreciation | $1,487 | $17,844 | | = Gross Equity Income | $1,569 | $18,834 | | + Tax Savings | $222 | $2,665 | | = GEI w/Tax Savings | $1,792 | $21,499 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $208,180 | $0 | | Monthly Payment | $1,298.77 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.91 | | Annual Gross Rent Multiplier | 14 | | Monthly Gross Rent Multiplier | 163 | | Capitalization Rate | 4.8% | | Cash on Cash Return | -1% | | Total Return on Investment | 20% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | $108 | | Maintenance Percentage | 2% |
| Comments |
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| Photos may be representative. Furniture not included. |
*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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