Property Information

IN ESCROW
New Construction Duplex
Palm Coast, FL 32164
IncomeYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Gross Rent$31,200$32,136$33,100$34,093$35,116$36,169$37,254$38,372$39,523$40,709
Vacancy Losses($1,560)($1,607)($1,655)($1,705)($1,756)($1,808)($1,863)($1,919)($1,976)($2,035)
Operating Income$29,640$30,529$31,445$32,388$33,360$34,361$35,392$36,453$37,547$38,673
ExpensesYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Property Taxes($5,784)($5,958)($6,136)($6,320)($6,510)($6,705)($6,906)($7,114)($7,327)($7,547)
Insurance($997)($1,027)($1,058)($1,090)($1,122)($1,156)($1,191)($1,226)($1,263)($1,301)
Management Fees($2,371)($2,442)($2,516)($2,591)($2,669)($2,749)($2,831)($2,916)($3,004)($3,094)
Leasing/Advertising Fees$0$0$0$0$0$0$0$0$0$0
Association Fees$0$0$0$0$0$0$0$0$0$0
Maintenance($936)($964)($993)($1,023)($1,053)($1,085)($1,118)($1,151)($1,186)($1,221)
Other$0$0$0$0$0$0$0$0$0$0
Operating Expenses($10,089)($10,391)($10,703)($11,024)($11,355)($11,695)($12,046)($12,408)($12,780)($13,163)
Income AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Net Operating Income$19,552$20,138$20,742$21,364$22,005$22,666$23,346$24,046$24,767$25,510
- Mortgage Payments($16,882)($16,882)($16,882)($16,882)($16,882)($16,882)($16,882)($16,882)($16,882)($16,882)
= Cash Flow$2,670$3,256$3,860$4,482$5,123$5,784$6,464$7,164$7,885$8,628
+ Principal Reduction$5,384$5,596$5,817$6,046$6,285$6,533$6,791$7,058$7,337$7,626
+ Appreciation$23,934$25,370$26,892$28,506$30,216$32,029$33,951$35,988$38,147$40,436
= Gross Equity Income$31,987$34,222$36,569$39,035$41,625$44,346$47,205$50,210$53,369$56,691
Capitalization Rate4.6%4.5%4.4%4.2%4.1%4.0%3.9%3.8%3.7%3.6%
Cash on Cash Return2.3%2.8%3.3%3.8%4.4%5.0%5.5%6.1%6.8%7.4%
Return on Equity24.8%21.4%19.0%17.2%15.8%14.7%13.8%13.0%12.4%11.8%
Loan AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Market Value$422,834$448,204$475,096$503,602$533,818$565,847$599,798$635,786$673,933$714,369
- Loan Balance($293,791)($288,195)($282,378)($276,331)($270,046)($263,514)($256,723)($249,665)($242,328)($234,702)
= Equity$129,043$160,009$192,718$227,271$263,772$302,334$343,075$386,121$431,605$479,668
Loan-to-Value Ratio69.5%64.3%59.4%54.9%50.6%46.6%42.8%39.3%36.0%32.9%
Potential Cash-Out Refi$23,334$47,958$73,944$101,370$130,317$160,872$193,126$227,175$263,122$301,075
Sale AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Equity$129,043$160,009$192,718$227,271$263,772$302,334$343,075$386,121$431,605$479,668
- Closing Costs($29,598)($31,374)($33,257)($35,252)($37,367)($39,609)($41,986)($44,505)($47,175)($50,006)
= Proceeds After Sale$99,444$128,635$159,462$192,018$226,404$262,724$301,089$341,616$384,430$429,662
+ Cumulative Cash Flow$2,670$5,926$9,786$14,268$19,392$25,175$31,639$38,803$46,688$55,316
- Initial Cash Invested($116,678)($116,678)($116,678)($116,678)($116,678)($116,678)($116,678)($116,678)($116,678)($116,678)
= Net Profit($14,564)$17,882$52,569$89,609$129,118$171,221$216,050$263,741$314,440$368,300
Internal Rate of Return-12.5%7.5%13.5%15.8%16.7%17.0%17.0%16.8%16.6%16.4%
Return on Investment-12.5%15.3%45.1%76.8%110.7%146.7%185.2%226.0%269.5%315.7%
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.