New Construction in Birmingham Metro
Mount Olive, AL 35117
4 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,497 | | Purchase Price | $274,400 | | Initial Market Value | $274,400 | | Downpayment | $82,320 | | Closing Costs | $4,665 | | Initial Cash Invested | $86,985 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,750 | $21,000 | | Vacancy Losses | $140 | $1,680 | | Operating Income | $1,610 | $19,320 | | Operating Expenses | $459 | $5,506 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,151 | $13,814 | | - Mortgage Payments | $1,214 | $14,569 | | = Cash Flow | ($63) | ($755) | | + Principal Reduction | $179 | $2,147 | | + First-Year Appreciation | $1,372 | $16,464 | | = Gross Equity Income | $1,488 | $17,856 |
| | 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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