New Construction in Birmingham Metro
Odenville, AL 35120
3 Beds - 2 Baths - 2 Car Garage
Square Feet | 1,216 | Purchase Price | $223,950 | Initial Market Value | $223,950 | Downpayment | $67,185 | Closing Costs | $3,807 | Initial Cash Invested | $70,992 |
Income & Expenses | Monthly | Annual |
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Gross Rent | $1,595 | $19,140 | Vacancy Losses | $128 | $1,531 | Operating Income | $1,467 | $17,609 | Operating Expenses | $403 | $4,838 |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,064 | $12,771 | - Mortgage Payments | $991 | $11,890 | = Cash Flow | $73 | $880 | + Principal Reduction | $146 | $1,752 | + First-Year Appreciation | $1,120 | $13,437 | = Gross Equity Income | $1,339 | $16,069 |
| Financial Indicators | |
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Capitalization Rate | 5.7% | Cash on Cash Return | 1% | Total Return on Investment | 23% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 108% |
Comments |
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Photos may be representative. | *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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