New Construction in Birmingham Metro
Mount Olive, AL 35117
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,272 | | Purchase Price | $264,400 | | Initial Market Value | $264,400 | | Downpayment | $79,320 | | Closing Costs | $4,495 | | Initial Cash Invested | $83,815 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,695 | $20,340 | | Vacancy Losses | $136 | $1,627 | | Operating Income | $1,559 | $18,713 | | Operating Expenses | $447 | $5,368 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,112 | $13,345 | | - Mortgage Payments | $1,170 | $14,038 | | = Cash Flow | ($58) | ($693) | | + Principal Reduction | $172 | $2,069 | | + First-Year Appreciation | $1,322 | $15,864 | | = Gross Equity Income | $1,437 | $17,240 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.0% | | Cash on Cash Return | -1% | | Total Return on Investment | 21% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 108% |
| Comments |
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| 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.
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