3768 Creek Side Way Trussville, AL 35173
5bd, 4.5ba | 2,590sqft | Built in 2014
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Initial Investment
$350,840
List Price: $345,000
Purchase Price
$345,000
Down Payment
100%
Rent
$2,350

Total Return
$112,062
Annualized Return
6.2%
Cap Rate
5.2%
Gross Yield
8.2%
Cash Flow
$17,229
Appreciation
2.2%
Gross Yield
8.2%
 
Cap Rate
5.2%
 
Cash on Cash
4.9%
 
Ann. Return
6.2%
in 5 years
Initial Investment
$350,840
Purchase Price
$345,000
Down Payment
100%
Loan Interest Rate
4.750%
Closing Costs
1.50%
Est. Immediate Costs
$665
Total Return
$112,062
Appreciation
2.2%
Net Cash Flow Year 1 Year 3 Year 5 Year 10
Annual $17,229 $18,367 $19,577 $22,748
Monthly $1,436 $1,531 $1,631 $1,896
Property Value in 2024
$384,433
Loan Balance
$0
Disposition Fees
-$13,455

Sale Proceeds
$370,977
Year 1 Pro-Forma Assumptions
Rent Growth
3.0%
Income
Rent
$28,200
Vacancy Factor
-$1,410

Expected Rent
$26,790
Expenses
Property Taxes
-$4,000
Property Management
-$2,143
Leasing Fees
-$670
HOA Fees
-$0
Insurance
-$1,274
Repairs & Maint. (Reserve)
-$804
Operating Expenses
-$8,891

Net Operating Income
$17,899
Capital Expenditures (Reserve)
-$670

Total Unlevered Cash Flow
$17,229
Mortgage
-$0

Total Net Cash Flow
$17,229
Year 1 Year 5 Year 10
Expected Rent $26,790
$2,233/mo
$30,152
$2,513/mo
$34,955
$2,913/mo
Property Taxes -$4,000
-$4,362
-$5,017
R&M (Reserve) -$804
-$905
-$1,049
Other Expenses
Except taxes + R&M
-$4,087
-$4,555
-$5,268
Net Operating Income $17,899
$1,492/mo
$20,331
$1,694/mo
$23,621
$1,968/mo
Cap Ex (Reserve) -$670
-$754
-$874
Total Unlevered CF $17,229
$19,577
$22,748
Loan Payment $0
$0
$0
Total Net Cash Flow $17,229
$1,436/mo
$19,577
$1,631/mo
$22,748
$1,896/mo

Net Cash Flow

Overall Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
Revenue
Expected Rent $26,790 $27,594 $28,422 $29,274 $30,152
Expenses
Net Operating Income $17,899 $18,479 $19,077 $19,694 $20,331
Return
Levered Cash Flow $17,229 $17,789 $18,367 $18,962 $19,577
Property Purchase And Sale
Net Purchase / Sale Proceeds -$350,840 $370,977
Financing
Debt Service Cash Flow -$345,000 $0 $0 $0 $0 $0