Currently Occupied with solid tenant!
Montgomery, AL 36117
3 bdrm/ 2 bath - Built 2021
| Square Feet | 1,375 | | Initial Market Value | $205,000 | | Purchase Price | $205,000 | | Downpayment | $51,250 | | Loan Origination Fees | $1,538 | | Depreciable Closing Costs | $6,150 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $58,938 | | Cost per Square Foot | $149 | | Monthly Rent per Square Foot | $1.16 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,600 | $19,200 | | Vacancy Losses | ($80) | ($960) | | Operating Income | $1,520 | $18,240 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($128) | ($1,538) | | Insurance | ($60) | ($718) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($32) | ($384) | | Other | $0 | $0 | | Operating Expenses | ($220) | ($2,639) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,300 | $15,601 | | - Mortgage Payments | ($972) | ($11,662) | | = Cash Flow | $328 | $3,939 | | + Principal Reduction | $143 | $1,718 | | + First-Year Appreciation | $1,025 | $12,300 | | = Gross Equity Income | $1,496 | $17,958 | | + Tax Savings | $15 | $182 | | = GEI w/Tax Savings | $1,512 | $18,139 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $153,750 | $0 | | Monthly Payment | $971.80 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.34 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 128 | | Capitalization Rate | 7.6% | | Cash on Cash Return | 7% | | Total Return on Investment | 30% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
Currently leased through Jan 2025.
Property was recently painted, new fridge, electrical and more.
*Client resell - seller paying 1 year PM |
*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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