New Construction Duplex
Palm Coast, FL 32164
4BR, 4BA - City Utilities
| Square Feet | 1,954 | | Initial Market Value | $398,900 | | Purchase Price | $398,900 | | Downpayment | $99,725 | | Loan Origination Fees | $2,992 | | Depreciable Closing Costs | $13,962 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $116,678 | | Cost per Square Foot | $204 | | Monthly Rent per Square Foot | $1.33 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,600 | $31,200 | | Vacancy Losses | ($130) | ($1,560) | | Operating Income | $2,470 | $29,640 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($482) | ($5,784) | | Insurance | ($83) | ($997) | | Management Fees | ($198) | ($2,371) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($78) | ($936) | | Other | $0 | $0 | | Operating Expenses | ($841) | ($10,089) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,629 | $19,552 | | - Mortgage Payments | ($1,407) | ($16,882) | | = Cash Flow | $222 | $2,670 | | + Principal Reduction | $449 | $5,384 | | + First-Year Appreciation | $1,995 | $23,934 | | = Gross Equity Income | $2,666 | $31,987 | | + Tax Savings | $116 | $1,392 | | = GEI w/Tax Savings | $2,782 | $33,380 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $299,175 | $0 | | Monthly Payment | $1,406.83 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 3.875% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.16 | | Annual Gross Rent Multiplier | 13 | | Monthly Gross Rent Multiplier | 153 | | Capitalization Rate | 4.9% | | Cash on Cash Return | 2% | | Total Return on Investment | 27% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 8% | | Maintenance Percentage | 3% |
| Comments |
|---|
Estimated Completion is Nov- Jan 2022
Property has a permit 10% due with contract |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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