New Construction in Huntsville Metro
Huntsville, AL 35756
3 Beds - 2 Baths - 2 Car Garage
Square Feet1,537
Initial Market Value$278,888
Purchase Price$278,888
Downpayment$69,722
Loan Origination Fees$2,092
Depreciable Closing Costs$2,789
Other Closing Costs and Fixup$0
Initial Cash Invested$74,603
Cost per Square Foot$181
Monthly Rent per Square Foot$1.43
IncomeMonthlyAnnual
Gross Rent$2,195$26,340
Vacancy Losses($176)($2,107)
Operating Income$2,019$24,233
ExpensesMonthlyAnnual
Property Taxes($186)($2,231)
Insurance($105)($1,255)
Management Fees($108)($1,296)
Leasing/Advertising Fees$0$0
Association Fees($34)($412)
Maintenance($44)($527)
Other$0$0
Operating Expenses($477)($5,721)
Net PerformanceMonthlyAnnual
Net Operating Income$1,543$18,512
- Mortgage Payments($1,322)($15,865)
= Cash Flow$221$2,647
+ Principal Reduction$195$2,338
+ First-Year Appreciation$1,394$16,733
= Gross Equity Income$1,810$21,718
+ Tax Savings$92$1,108
= GEI w/Tax Savings$1,902$22,826
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$209,166$0
Monthly Payment$1,322.07$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.17
Annual Gross Rent Multiplier11
Monthly Gross Rent Multiplier127
Capitalization Rate6.6%
Cash on Cash Return4%
Total Return on Investment29%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee$108
Maintenance Percentage2%
Comments
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.