QUAD - 3/4 Units Occupied
Jacksonville, FL 32244
8bd • 8ba • Built: 2024
2 bdrm/ 2 bath each unit - Built 2024
| Square Feet | 4,288 | | Initial Market Value | $760,000 | | Purchase Price | $760,000 | | Downpayment | $228,000 | | Loan Origination Fees | $10,640 | | Depreciable Closing Costs | $15,200 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $253,840 | | Cost per Square Foot | $177 | | Monthly Rent per Square Foot | $1.17 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $5,000 | $60,000 | | Vacancy Losses | ($400) | ($4,800) | | Operating Income | $4,600 | $55,200 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($507) | ($6,080) | | Insurance | ($190) | ($2,280) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($437) | ($5,244) | | Maintenance | ($100) | ($1,200) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($1,234) | ($14,804) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,366 | $40,396 | | - Mortgage Payments | ($2,882) | ($34,580) | | = Cash Flow | $485 | $5,816 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $1,330 | $15,960 | | + First-Year Appreciation | $3,800 | $45,600 | | = Gross Equity Income | $5,615 | $67,376 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $532,000 | $0 | | Monthly Payment | $2,881.67 | $0.00 | | Loan Type | Interest Only Fixed | | | Term | 10 Years | | | Interest Rate | 6.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 1.17 | | Annual Gross Rent Multiplier | 13 | | Capitalization Rate | 5.3% | | Cash on Cash Return | 2% | | Return on Investment | 20% | | Return on Investment with IIDD | 27% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 2% |
*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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