Duplex- New Construction BOTH sides leased!
Jacksonville, FL 32205
4bd • 4ba • Built: 2024
4BR, 4BA, Completed Duplex
| Estimated Square Feet | 2,076 | | Initial Market Value | $411,900 | | Purchase Price | $411,900 | | Downpayment | $102,975 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $12,357 | | Other Costs and Fixup | $60 | | Approximate Cash Invested | $115,392 | | Cost per Square Foot / per Bedroom | $198 / $102,975 | | Monthly Rent per SQFT / per Bedroom | $1.24 / $642 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,569 | $30,828 | | Vacancy Losses | ($206) | ($2,466) | | Operating Income | $2,363 | $28,362 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($515) | ($6,179) | | Insurance | ($103) | ($1,236) | | Management Fees | ($189) | ($2,269) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($128) | ($1,541) | | Other (Utilities, Supplies, etc.) | ($50) | ($600) | | Operating Expenses | ($985) | ($11,825) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,378 | $16,537 | | - Mortgage Payments | ($1,387) | ($16,647) | | = Cash Flow | ($9) | ($109) | | + Principal Reduction | $494 | $5,929 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $772 | $9,268 | | + First-Year Appreciation | $2,060 | $24,714 | | = Gross Equity Income | $3,317 | $39,801 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $308,925 | N/A | | Monthly Payment | $1,387.21 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 3.500% / 0.500% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 0.99 | | Annual Gross Rent Multiplier | 13 | | Capitalization Rate | 4.0% | | Cash on Cash Return | 0% | | Return on Investment | 26% | | Return on Investment with IIDD | 34% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 5% |
| Comments |
|---|
| Water/Sewer Pro forma shown with no management Seller buying down interest rate as low as 3.75%. All appliances included Blinds included 2-10 warranty |
*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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