New Construction in Huntsville Metro
Huntsville, AL 35811
3 Beds - 2 Baths - 2 Car Garage
Square Feet1,683
Initial Market Value$278,815
Purchase Price$278,815
Downpayment$69,704
Loan Origination Fees$2,091
Depreciable Closing Costs$2,788
Other Closing Costs and Fixup$0
Initial Cash Invested$74,583
Cost per Square Foot$166
Monthly Rent per Square Foot$1.30
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($42)($500)
Maintenance($44)($527)
Other$0$0
Operating Expenses($484)($5,808)
Net PerformanceMonthlyAnnual
Net Operating Income$1,535$18,425
- Mortgage Payments($1,322)($15,861)
= Cash Flow$214$2,564
+ Principal Reduction$195$2,337
+ First-Year Appreciation$1,394$16,729
= Gross Equity Income$1,803$21,630
+ Tax Savings$95$1,136
= GEI w/Tax Savings$1,897$22,766
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$209,111$0
Monthly Payment$1,321.73$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.16
Annual Gross Rent Multiplier11
Monthly Gross Rent Multiplier127
Capitalization Rate6.6%
Cash on Cash Return3%
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.