New Construction in Tuscaloosa Metro
Northport, AL 35473
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,272 | | Initial Market Value | $253,900 | | Purchase Price | $253,900 | | Downpayment | $88,865 | | Loan Origination Fees | $3,301 | | Depreciable Closing Costs | $2,539 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $94,705 | | Cost per Square Foot | $200 | | Monthly Rent per Square Foot | $1.45 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,850 | $22,200 | | Vacancy Losses | ($148) | ($1,776) | | Operating Income | $1,702 | $20,424 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($169) | ($2,031) | | Insurance | ($95) | ($1,143) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($36) | ($432) | | Maintenance | ($37) | ($444) | | Other | $0 | $0 | | Operating Expenses | ($445) | ($5,346) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,257 | $15,078 | | - Mortgage Payments | ($1,030) | ($12,355) | | = Cash Flow | $227 | $2,723 | | + Principal Reduction | $157 | $1,889 | | + First-Year Appreciation | $1,270 | $15,234 | | = Gross Equity Income | $1,654 | $19,846 | | + Tax Savings | $82 | $983 | | = GEI w/Tax Savings | $1,736 | $20,829 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 65% | 0% | | Loan Amount | $165,035 | $0 | | Monthly Payment | $1,029.60 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.22 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 137 | | Capitalization Rate | 5.9% | | Cash on Cash Return | 3% | | Total Return on Investment | 21% | | + 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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