New Construction Duplex
Palm Coast, FL 32164
4 bedrooms 4 bathrooms
4BR, 4BA - City Utilities
Square Feet1,954
Initial Market Value$398,900
Purchase Price$398,900
Downpayment$99,725
Loan Origination Fees$2,992
Depreciable Closing Costs$13,962
Other Costs and Fixup$0
Approximate Cash Invested$116,678
Cost per Square Foot$204
Monthly Rent per Square Foot$1.33
Projected IncomeMonthlyAnnual
Projected Rent$2,600$31,200
Vacancy Losses($208)($2,496)
Operating Income$2,392$28,704
Estimated ExpensesMonthlyAnnual
Property Taxes($482)($5,784)
Insurance($83)($997)
Management Fees($191)($2,296)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($78)($936)
Other (Utilities, Supplies, etc.)$0$0
Operating Expenses($834)($10,014)
Net PerformanceMonthlyAnnual
Net Operating Income$1,558$18,690
- Mortgage Payments($1,407)($16,882)
= Cash Flow$151$1,808
+ Principal Reduction$449$5,384
+ First-Year Appreciation$1,995$23,934
= Gross Equity Income$2,594$31,126
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$299,175$0
Monthly Payment$1,406.83$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate3.875%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)0.7%
Debt Coverage Ratio1.11
Annual Gross Rent Multiplier13
Capitalization Rate4.7%
Cash on Cash Return2%
Return on Investment27%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
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.