New Construction Duplex
Palm Coast, FL 32164
4BR, 4BA - City Utilities
Square Feet | 1,954 | Purchase Price | $398,900 | Initial Market Value | $398,900 | Downpayment | $99,725 | Closing Costs | $16,953 | Initial Cash Invested | $116,678 |
Income & Expenses | Monthly | Annual |
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Gross Rent | $2,600 | $31,200 | Vacancy Losses | $130 | $1,560 | Operating Income | $2,470 | $29,640 | Operating Expenses | $841 | $10,089 |
Net Performance | Monthly | Annual |
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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 |
| Financial Indicators | |
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Capitalization Rate | 4.9% | Cash on Cash Return | 2% | Total Return on Investment | 27% |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 5% | Management Fee | 8% |
Comments |
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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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