New Construction, PRE-LEASED until February 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 |
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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 |
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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 | |
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Capitalization Rate | 5.9% | Cash on Cash Return | 5% | Total Return on Investment | 31% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 5% | Management Fee | 0% |
Comments |
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10 year ARM @ 3.99%;1 year free mgt; Leased to Feb '25
| *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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