100% Occupied Duplex

Punta Gorda, FL 33983
2 bdrm/ 2 bath each side - Built 2023
Property photo 0.
General Information
Square Feet2,104
Initial Market Value$425,000
Purchase Price$425,000
Downpayment$106,250
Loan Origination Fees$3,188
Depreciable Closing Costs$12,750
Other Closing Costs and Fixup$0
Initial Cash Invested$122,188
Cost per Square Foot$202
Monthly Rent per Square Foot$1.68
IncomeMonthlyAnnual
Gross Rent$3,540$42,480
Vacancy Losses($283)($3,398)
Operating Income$3,257$39,082
ExpensesMonthlyAnnual
Property Taxes($638)($7,650)
Insurance($106)($1,275)
Management Fees($261)($3,127)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($71)($850)
Other$0$0
Operating Expenses($1,075)($12,901)
Net PerformanceMonthlyAnnual
Net Operating Income$2,182$26,180
- Mortgage Payments($2,015)($24,177)
= Cash Flow$167$2,004
+ Principal Reduction$297$3,563
+ First-Year Appreciation$2,125$25,500
= Gross Equity Income$2,589$31,067
+ Tax Savings$208$2,490
= GEI w/Tax Savings$2,796$33,557
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$318,750$0
Monthly Payment$2,014.72$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.08
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier120
Capitalization Rate6.2%
Cash on Cash Return2%
Total Return on Investment25%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage2%
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.