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RARE Birmingham Metro New Construction [code: 94]

Posted by Powered by Simply Do It on March 23, 2022
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*Financing payments do not start on new construction until the property is finished
  • 4 bedroom 2 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Beautiful kitchen fully equipped with energy-efficient appliances, ample counter space, and roomy pantry
  • About $145/mo. cash flow 
  • 2 car attached garage
  • Brand new build! 
  • Good schools
  • 5,227 square foot lot

Why should you consider this house / what makes it a good investment?

  • Built: 2022
  • Size: 1,459  sq ft
  • Quiet residential street, Desirable community, B rated schools

            What's next?

            Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

            Metro: Birmingham

            Team: Don – email directly at bir1@simplydoit.net

            Code: 94


            Property Specifications 1
             Bedrooms 4
             Bathrooms 2
             Square Feet 1459
             Year Built 2022
             Garage Size 2
             Schools Rating (on scale of A-F) B

            Purchase Assumptions My Offer
            Offer used for analysis $236,510
            Suggested offer (low) $236,510
            Suggested offer (high) $236,510
            Asking $236,510
            Market Value (after improvements) $236,510
            Improvements (lower) $500
            Improvements (upper) $2,500
            Closing Costs $2,365
            Mortgage Costs $2,365
            Other Fees At Closing $0
            Total Cost  $242,740

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,600 $1,800 $21,600
            Rent (lower) $1,400 $16,800
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $215 $2,580
             Insurance $100 $1,200
             Repairs $25 $300
            Variable-Cost PM 8.0%  
            Property Management Fee $128 $1,536
             Leasing Fee 60% $40.0 $480
             HOA $18 $216
             Vacancy Rate 4.0%  
             Total Fixed Expenses $585 $7,019
             Total Expenses (Fixed + Mortgage) $1,497 $17,962

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.7% 3.7% 4.7% 5.9%
             Net Cash Flow $8,673 $23,944 $46,500 $77,099
             Equity Increase $53,050 $116,093 $191,120 $280,546
             Total Gain $61,723 $140,037 $237,620 $357,645
                       
             Average Cash Flow/Year $1,735 $2,394 $3,100 $3,855
             Average Cash Flow/Month $145 $200 $258 $321
             Average Gain/Year $12,345 $14,004 $15,841 $17,882
             Average ROI 94.4% 214.3% 363.6% 547.2%
             Annual ROI 18.9% 21.4% 24.2% 27.4%
             Projected Property Value $274,180 $317,850 $368,475 $427,163

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 1,459 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 2022 FAVORABLE
             Rent/Price (%)   0.75% 0.76% FAVORABLE
             Average Cash Flow (at year 5) $125 $145 FAVORABLE
             Average ROI (at year 5) 15% 18.9% FAVORABLE

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            Disclaimer

            Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

            The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info. 

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