New Construction in Birmingham Metro
Pinson, AL 35126
4 Beds - 2.5 Baths - 2 Car Garage
| Square Feet | 2,247 | | Initial Market Value | $367,900 | | Purchase Price | $367,900 | | Downpayment | $91,975 | | Loan Origination Fees | $2,759 | | Depreciable Closing Costs | $3,679 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $98,413 | | Cost per Square Foot | $164 | | Monthly Rent per Square Foot | $0.83 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,875 | $22,500 | | Vacancy Losses | ($150) | ($1,800) | | Operating Income | $1,725 | $20,700 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($245) | ($2,943) | | Insurance | ($138) | ($1,656) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($23) | ($276) | | Maintenance | ($38) | ($450) | | Other | $0 | $0 | | Operating Expenses | ($552) | ($6,621) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,173 | $14,079 | | - Mortgage Payments | ($1,415) | ($16,974) | | = Cash Flow | ($241) | ($2,895) | | + Principal Reduction | $364 | $4,373 | | + First-Year Appreciation | $1,840 | $22,074 | | = Gross Equity Income | $1,963 | $23,552 | | + Tax Savings | $267 | $3,210 | | = GEI w/Tax Savings | $2,230 | $26,762 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $275,925 | $0 | | Monthly Payment | $1,414.51 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.600% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.83 | | Annual Gross Rent Multiplier | 16 | | Monthly Gross Rent Multiplier | 196 | | Capitalization Rate | 3.8% | | Cash on Cash Return | -3% | | Total Return on Investment | 24% | | + 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. |
*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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