New Construction in Birmingham Metro
McCalla, AL 35022
4 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,497 | | Purchase Price | $297,400 | | Initial Market Value | $297,400 | | Downpayment | $89,220 | | Closing Costs | $5,056 | | Initial Cash Invested | $94,276 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $1,825 | $21,900 | | Vacancy Losses | $146 | $1,752 | | Operating Income | $1,679 | $20,148 | | Operating Expenses | $496 | $5,956 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,183 | $14,193 | | - Mortgage Payments | $1,316 | $15,790 | | = Cash Flow | ($133) | ($1,598) | | + Principal Reduction | $194 | $2,327 | | + First-Year Appreciation | $1,487 | $17,844 | | = Gross Equity Income | $1,548 | $18,573 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 4.8% | | Cash on Cash Return | -2% | | Total Return on Investment | 20% |
| 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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