New Construction, PRE-LEASED until April 2025!
Jasper, AL 35501
5 Beds - 3 Baths - 2 Car Gar - Built in 2023
Square Feet | 2,124 | Purchase Price | $299,900 | Initial Market Value | $299,900 | Downpayment | $74,975 | Closing Costs | $15,745 | Initial Cash Invested | $90,720 |
Income & Expenses | Monthly | Annual |
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Gross Rent | $1,995 | $23,940 | Vacancy Losses | $100 | $1,197 | Operating Income | $1,895 | $22,743 | Operating Expenses | $285 | $3,418 |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,610 | $19,325 | - Mortgage Payments | $1,277 | $15,325 | = Cash Flow | $333 | $4,000 | + Principal Reduction | $252 | $3,030 | + First-Year Appreciation | $1,500 | $17,994 | = Gross Equity Income | $2,085 | $25,024 |
| Financial Indicators | |
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Capitalization Rate | 6.4% | Cash on Cash Return | 4% | Total Return on Investment | 28% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 5% | Management Fee | 0% |
Comments |
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PRE-LEASED through April 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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