New Construction, PRE-LEASED until March 2025!
Jasper, AL 35501
4 Beds - 2.5 Baths - 2 Car Gar - Built in 2023
| Square Feet | 2,160 | | Purchase Price | $304,900 | | Initial Market Value | $304,900 | | Downpayment | $76,225 | | Closing Costs | $12,196 | | Initial Cash Invested | $88,421 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,875 | $22,500 | | Vacancy Losses | $94 | $1,125 | | Operating Income | $1,781 | $21,375 | | Operating Expenses | $292 | $3,499 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,490 | $17,876 | | - Mortgage Payments | $1,090 | $13,085 | | = Cash Flow | $399 | $4,791 | | + Principal Reduction | $336 | $4,034 | | + First-Year Appreciation | $1,525 | $18,294 | | = Gross Equity Income | $2,260 | $27,119 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.9% | | Cash on Cash Return | 5% | | Total Return on Investment | 31% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 0% |
| Comments |
|---|
10 year ARM @ 3.99%;1 year free mgt; Leased to Mar '25
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*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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