New Construction Greater Birmingham Area
Pell City, AL 35128
3 Bed - 2 1/2 Bath - New Construction
| Square Feet | 1,666 | | Purchase Price | $290,900 | | Initial Market Value | $290,900 | | Downpayment | $72,725 | | Closing Costs | $8,073 | | Initial Cash Invested | $80,798 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $2,000 | $24,000 | | Vacancy Losses | $160 | $1,920 | | Operating Income | $1,840 | $22,080 | | Operating Expenses | $335 | $4,022 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,505 | $18,058 | | - Mortgage Payments | $1,488 | $17,860 | | = Cash Flow | $16 | $198 | | + Principal Reduction | $176 | $2,112 | | + First-Year Appreciation | $1,455 | $17,454 | | = Gross Equity Income | $1,647 | $19,763 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.2% | | Cash on Cash Return | 0% | | Total Return on Investment | 24% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 60% |
| Comments |
|---|
| Beautiful 3 bedroom 2 1/2 bath in a popular area outside of Birmingham. Easy access to dining, shopping and fun on the lake! |
*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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