100 Grande View Cir MAYLENE, AL 35114
4bd, 3ba | 1,802sqft | Built in 2016
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Initial Investment
$245,395
List Price: $241,000
Purchase Price
$241,000
Down Payment
100%
Rent
$1,795

Total Return
$86,180
Annualized Return
6.9%
Cap Rate
5.7%
Gross Yield
8.9%
Cash Flow
$13,562
Appreciation
2.2%
Gross Yield
8.9%
 
Cap Rate
5.7%
 
Cash on Cash
5.5%
 
Ann. Return
6.9%
in 5 years
Initial Investment
$245,395
Purchase Price
$241,000
Down Payment
100%
Loan Interest Rate
4.750%
Closing Costs
1.50%
Est. Immediate Costs
$780
Total Return
$86,180
Appreciation
2.2%
Net Cash Flow Year 1 Year 3 Year 5 Year 10
Annual $13,562 $14,471 $15,438 $17,996
Monthly $1,130 $1,206 $1,287 $1,500
Property Value in 2024
$268,546
Loan Balance
$0
Disposition Fees
-$9,399

Sale Proceeds
$259,147
Year 1 Pro-Forma Assumptions
Rent Growth
3.0%
Income
Rent
$21,540
Vacancy Factor
-$1,077

Expected Rent
$20,463
Expenses
Property Taxes
-$2,600
Property Management
-$1,637
Leasing Fees
-$512
HOA Fees
-$400
Insurance
-$934
Repairs & Maint. (Reserve)
-$614
Operating Expenses
-$6,696

Net Operating Income
$13,767
Capital Expenditures (Reserve)
-$205

Total Unlevered Cash Flow
$13,562
Mortgage
-$0

Total Net Cash Flow
$13,562
Year 1 Year 5 Year 10
Expected Rent $20,463
$1,705/mo
$23,031
$1,919/mo
$26,700
$2,225/mo
Property Taxes -$2,600
-$2,835
-$3,261
R&M (Reserve) -$614
-$691
-$801
Other Expenses
Except taxes + R&M
-$3,482
-$3,837
-$4,375
Net Operating Income $13,767
$1,147/mo
$15,669
$1,306/mo
$18,263
$1,522/mo
Cap Ex (Reserve) -$205
-$230
-$267
Total Unlevered CF $13,562
$15,438
$17,996
Loan Payment $0
$0
$0
Total Net Cash Flow $13,562
$1,130/mo
$15,438
$1,287/mo
$17,996
$1,500/mo

Net Cash Flow

Overall Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
Revenue
Expected Rent $20,463 $21,077 $21,709 $22,360 $23,031
Expenses
Net Operating Income $13,767 $14,220 $14,688 $15,171 $15,669
Return
Levered Cash Flow $13,562 $14,010 $14,471 $14,947 $15,438
Property Purchase And Sale
Net Purchase / Sale Proceeds -$245,395 $259,147
Financing
Debt Service Cash Flow -$241,000 $0 $0 $0 $0 $0