PRE-LEASED in Tuscaloosa + 2 Years Free Property Management
Tuscaloosa, AL 35405
4 Bed - 2 Bath - 2 Car Garage - Built 2023
| Square Feet | 1,769 | | Purchase Price | $299,900 | | Initial Market Value | $299,900 | | Downpayment | $74,975 | | Closing Costs | $13,496 | | Initial Cash Invested | $88,471 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,895 | $22,740 | | Vacancy Losses | $95 | $1,137 | | Operating Income | $1,800 | $21,603 | | Operating Expenses | $304 | $3,646 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,496 | $17,957 | | - Mortgage Payments | $1,347 | $16,165 | | = Cash Flow | $149 | $1,792 | | + Principal Reduction | $231 | $2,767 | | + First-Year Appreciation | $1,500 | $17,994 | | = Gross Equity Income | $1,879 | $22,553 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.0% | | Cash on Cash Return | 2% | | Total Return on Investment | 25% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% |
| Comments |
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| PRE-LEASED through March 2025! New construction with 12 month warranty. 2 years free property management! |
*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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