Uncover Exciting New Construction in Birmingham! [Code: BHMNEW]
There are several locations and house options available through this builder.
- Brand New 2025 build
- Good Price Point $229K. Perfect for everyone!
- A $8K discount on closing fees is available through the builder’s preferred lender
- LOW HOA for maintenance purposes only
- Only 10% will be sold to investors in these communities
- 🏠 Single family home with 3 bedrooms and 2 bath
- 🛍️ Location has quick access to major commuting routes, shopping and schools
- 🧑🍳 Homes should come with stainless steel dishwashers, microwaves and stoves, garbage disposals and garage door remotes
- 👗 Buyer will need to provide the refrigerator and washer/dryers (if they choose)
- 🪟 Blinds are not included but can be purchased or negotiated through the builder
- ❤️ Spec homes should have 9′ ceilings in the main living areas and 8′ ceilings in the bedrooms depending on the model
- 💪 LVP flooring in the wet rooms of the home and carpet in the rest of the home
- 🌳 All homes should have the basic landscaping package including full sod and shrubbery
- ⛔ No community amenities such as pool/dog park/community center
- 🗓️ These available homes are approximately 70% completed and should be able to close within 30-45 days
- 📍 Several models and lots are available to choose from
- 🏫 Good school district
- 💲 Solid rental market
- #cashflow #appreciation #turnkey #brandnew
- ~$219/mo. cash flow once you can refi to 6.0%
- Cash flows at ~$126/mo. at today’s rates of 6.99%
Why should you consider this house / what makes it a good investment?
- Built: 2025
- Size: 1,492 square foot home
- Low Crime, Desirable Community, A/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: Carter/Madison – email directly at bir1@simplydoit.net
Code: BHMNEW
| Property Specifications | 1 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Square Feet | 1492 |
| Year Built | 2024 |
| Garage Size | 1 |
| Schools Rating (scale 3-30, 30 is best) | 15 |
| Lot size (sq ft) | 19,602 |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $229,900 |
| Suggested offer (low) | $229,900 |
| Suggested offer (high) | $239,900 |
| Asking | $229,900 |
| Market Value (after improvements) | $229,900 |
| Day-1 Equity | $0 |
| Estimated Improvements (lower) | $1,500 |
| Estimated Improvements (upper) | $3,500 |
| Estimated Closing Costs | $2,299 |
| Estimated Mortgage Costs | $1,609 |
| Other Fees At Closing (pts, . . . ) | $1,609 |
| Total Cost (estimated) | $237,918 |
| Financing Assumptions | |||
| Down Payment (%) | 30% | ||
| Down Payment Amount | $68,970 | ||
| Financed Amount | $160,930 | ||
| Interest Rate | 6.875% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | 62.2% | $1,057 | |
| Cash Outlay (Total Out of Pocket) | $76,988 | ||
| Estimated Financial Assumptions | Monthly | Yearly | |
| Rent (upper)* | $1,700 | $1,750 | $21,000 |
| Rent (lower)* | $1,650 | $19,800 | |
| * Can fluctuate depending on time of year property is being rented. | |||
| Property Taxes | $150 | $1,800 | |
| Insurance | $125 | $1,500 | |
| Repairs | 75 | $50 | $600 |
| Property Management Monthly (%) | 8.0% | ||
| Property Management Monthly ($) | $136 | $1,632 | |
| Leasing Fee | 60% | $42.5 | $510 |
| HOA or Fixed Costs | $27 | $324 | |
| Vacancy Rate | 4.0% | ||
| Total Fixed Expenses | 34.9% | $593 | $7,117 |
| Total Expenses (Fixed + Mortgage) | $1,650 | $19,803 | |
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 2.0% | 3.6% | 5.5% | 7.5% | |
| Net Cash Flow | $7,589 | $27,848 | $62,940 | $115,380 | |
| Equity Increase | $59,457 | $133,650 | $226,529 | $343,212 | |
| Total Gain | $67,046 | $161,498 | $289,469 | $458,592 | |
| Average Cash Flow/Year | $1,518 | $2,785 | $4,196 | $5,769 | |
| Average Cash Flow/Month | $126 | $232 | $350 | $481 | |
| Average Gain/Year | $13,409 | $16,150 | $19,298 | $22,930 | |
| Average ROI | 87.1% | 209.8% | 376.0% | 595.7% | |
| Annual ROI | 17.4% | 21.0% | 25.1% | 29.8% | |
| Projected Property Value | $279,709 | $340,308 | $414,037 | $503,739 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT |
||
| Schools (scale of 3-30, 30 is the best) | 14 | 15 | FAVORABLE | ||
| Square Feet | 1,000 | 1,492 | FAVORABLE | ||
| Bedrooms | 3 | 3 | FAVORABLE | ||
| Bathrooms | 2 | 2 | FAVORABLE | ||
| Year Built | 1970 | 2024 | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $126 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 17.4% | FAVORABLE | ||
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.