New Construction in Huntsville Metro
Alabama
4bd • 3ba • Built: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $26,400 | $27,456 | $28,554 | $29,696 | $30,884 | $32,120 | $33,404 | $34,741 | $36,130 | $37,575 |
| Vacancy Losses | ($2,112) | ($2,196) | ($2,284) | ($2,376) | ($2,471) | ($2,570) | ($2,672) | ($2,779) | ($2,890) | ($3,006) |
| Operating Income | $24,288 | $25,260 | $26,270 | $27,321 | $28,414 | $29,550 | $30,732 | $31,961 | $33,240 | $34,569 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($2,368) | ($2,455) | ($2,546) | ($2,640) | ($2,738) | ($2,839) | ($2,944) | ($3,053) | ($3,166) | ($3,283) |
| Insurance | ($2,186) | ($2,266) | ($2,350) | ($2,437) | ($2,527) | ($2,621) | ($2,718) | ($2,818) | ($2,923) | ($3,031) |
| Management Fees | ($2,429) | ($2,526) | ($2,627) | ($2,732) | ($2,841) | ($2,955) | ($3,073) | ($3,196) | ($3,324) | ($3,457) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($660) | ($684) | ($710) | ($736) | ($763) | ($791) | ($821) | ($851) | ($883) | ($915) |
| Maintenance | ($792) | ($821) | ($852) | ($883) | ($916) | ($950) | ($985) | ($1,021) | ($1,059) | ($1,098) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($8,434) | ($8,753) | ($9,085) | ($9,429) | ($9,786) | ($10,156) | ($10,541) | ($10,940) | ($11,355) | ($11,785) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $15,854 | $16,506 | $17,185 | $17,892 | $18,628 | $19,394 | $20,191 | $21,021 | $21,885 | $22,785 |
| - Mortgage Payments | ($14,029) | ($14,029) | ($14,029) | ($14,029) | ($14,029) | ($14,029) | ($14,029) | ($14,029) | ($14,029) | ($14,029) |
| = Cash Flow | $1,825 | $2,477 | $3,156 | $3,863 | $4,598 | $5,364 | $6,162 | $6,992 | $7,856 | $8,755 |
| + Principal Reduction | $2,577 | $2,729 | $2,891 | $3,061 | $3,242 | $3,433 | $3,636 | $3,851 | $4,078 | $4,319 |
| + Appreciation | $18,213 | $19,123 | $20,079 | $21,083 | $22,137 | $23,244 | $24,406 | $25,627 | $26,908 | $28,254 |
| = Gross Equity Income | $22,614 | $24,329 | $26,126 | $28,007 | $29,978 | $32,042 | $34,204 | $36,469 | $38,842 | $41,328 |
| Capitalization Rate | 4.1% | 4.1% | 4.1% | 4.0% | 4.0% | 4.0% | 3.9% | 3.9% | 3.9% | 3.8% |
| Cash on Cash Return | 1.1% | 1.4% | 1.8% | 2.2% | 2.7% | 3.1% | 3.6% | 4.1% | 4.6% | 5.1% |
| Return on Equity | 12.2% | 11.8% | 11.4% | 11.0% | 10.7% | 10.5% | 10.2% | 10.0% | 9.9% | 9.7% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $382,463 | $401,586 | $421,665 | $442,748 | $464,886 | $488,130 | $512,536 | $538,163 | $565,071 | $593,325 |
| - Loan Balance | ($197,760) | ($195,031) | ($192,140) | ($189,079) | ($185,837) | ($182,404) | ($178,768) | ($174,917) | ($170,839) | ($166,520) |
| = Equity | $184,702 | $206,555 | $229,525 | $253,669 | $279,048 | $305,726 | $333,769 | $363,246 | $394,232 | $426,805 |
| Loan-to-Value Ratio | 51.7% | 48.6% | 45.6% | 42.7% | 40.0% | 37.4% | 34.9% | 32.5% | 30.2% | 28.1% |
| Potential Cash-Out Refi | $108,210 | $126,238 | $145,192 | $165,119 | $186,071 | $208,100 | $231,261 | $255,614 | $281,218 | $308,140 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $184,702 | $206,555 | $229,525 | $253,669 | $279,048 | $305,726 | $333,769 | $363,246 | $394,232 | $426,805 |
| - Closing Costs | ($26,772) | ($28,111) | ($29,517) | ($30,992) | ($32,542) | ($34,169) | ($35,878) | ($37,671) | ($39,555) | ($41,533) |
| = Proceeds After Sale | $157,930 | $178,444 | $200,008 | $222,677 | $246,506 | $271,557 | $297,891 | $325,575 | $354,677 | $385,272 |
| + Cumulative Cash Flow | $1,825 | $4,301 | $7,457 | $11,320 | $15,918 | $21,282 | $27,444 | $34,435 | $42,291 | $51,046 |
| - Approximate Cash Invested | ($172,381) | ($172,381) | ($172,381) | ($172,381) | ($172,381) | ($172,381) | ($172,381) | ($172,381) | ($172,381) | ($172,381) |
| = Net Profit | ($12,627) | $10,364 | $35,084 | $61,615 | $90,043 | $120,458 | $152,954 | $187,629 | $224,587 | $263,937 |
| Internal Rate of Return | -7.3% | 3.0% | 6.4% | 8.1% | 9.0% | 9.5% | 9.8% | 10.0% | 10.2% | 10.3% |
| Return on Investment | -7.3% | 6.0% | 20.4% | 35.7% | 52.2% | 69.9% | 88.7% | 108.8% | 130.3% | 153.1% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.