Duplex- New Construction BOTH sides leased!
Jacksonville , FL 32205
4bd • 4ba • Built: 2024
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $30,828 | $31,753 | $32,705 | $33,687 | $34,697 | $35,738 | $36,810 | $37,915 | $39,052 | $40,224 |
| Vacancy Losses | ($2,466) | ($2,540) | ($2,616) | ($2,695) | ($2,776) | ($2,859) | ($2,945) | ($3,033) | ($3,124) | ($3,218) |
| Operating Income | $28,362 | $29,213 | $30,089 | $30,992 | $31,921 | $32,879 | $33,865 | $34,881 | $35,928 | $37,006 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,179) | ($6,364) | ($6,555) | ($6,751) | ($6,954) | ($7,163) | ($7,377) | ($7,599) | ($7,827) | ($8,062) |
| Insurance | ($1,236) | ($1,273) | ($1,311) | ($1,350) | ($1,391) | ($1,433) | ($1,475) | ($1,520) | ($1,565) | ($1,612) |
| Management Fees | ($2,269) | ($2,337) | ($2,407) | ($2,479) | ($2,554) | ($2,630) | ($2,709) | ($2,791) | ($2,874) | ($2,960) |
| 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 | ($1,541) | ($1,588) | ($1,635) | ($1,684) | ($1,735) | ($1,787) | ($1,841) | ($1,896) | ($1,953) | ($2,011) |
| Other | ($600) | ($618) | ($637) | ($656) | ($675) | ($696) | ($716) | ($738) | ($760) | ($783) |
| Operating Expenses | ($11,825) | ($12,179) | ($12,545) | ($12,921) | ($13,309) | ($13,708) | ($14,119) | ($14,543) | ($14,979) | ($15,428) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $16,537 | $17,033 | $17,544 | $18,071 | $18,613 | $19,171 | $19,746 | $20,339 | $20,949 | $21,577 |
| - Mortgage Payments | ($16,647) | ($16,647) | ($16,647) | ($16,647) | ($16,647) | ($16,647) | ($16,647) | ($16,647) | ($16,647) | ($16,647) |
| = Cash Flow | ($109) | $387 | $898 | $1,424 | $1,966 | $2,525 | $3,100 | $3,692 | $4,302 | $4,931 |
| + Principal Reduction | $5,929 | $6,140 | $6,358 | $6,584 | $6,818 | $7,061 | $7,312 | $7,572 | $7,841 | $8,120 |
| + Appreciation | $24,714 | $26,197 | $27,769 | $29,435 | $31,201 | $33,073 | $35,057 | $37,161 | $39,390 | $41,754 |
| = Gross Equity Income | $30,533 | $32,723 | $35,024 | $37,443 | $39,985 | $42,658 | $45,469 | $48,425 | $51,534 | $54,805 |
| Capitalization Rate | 3.8% | 3.7% | 3.6% | 3.5% | 3.4% | 3.3% | 3.2% | 3.1% | 3.0% | 2.9% |
| Cash on Cash Return | -0.1% | 0.3% | 0.8% | 1.2% | 1.7% | 2.2% | 2.7% | 3.2% | 3.7% | 4.3% |
| Return on Equity | 22.9% | 19.7% | 17.5% | 15.9% | 14.6% | 13.6% | 12.7% | 12.1% | 11.5% | 11.0% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $436,614 | $462,811 | $490,579 | $520,014 | $551,215 | $584,288 | $619,345 | $656,506 | $695,896 | $737,650 |
| - Loan Balance | ($302,996) | ($296,857) | ($290,499) | ($283,915) | ($277,097) | ($270,036) | ($262,724) | ($255,152) | ($247,311) | ($239,191) |
| = Equity | $133,618 | $165,954 | $200,081 | $236,099 | $274,118 | $314,252 | $356,621 | $401,354 | $448,585 | $498,459 |
| Loan-to-Value Ratio | 69.4% | 64.1% | 59.2% | 54.6% | 50.3% | 46.2% | 42.4% | 38.9% | 35.5% | 32.4% |
| Potential Cash-Out Refi | $24,464 | $50,251 | $77,436 | $106,096 | $136,315 | $168,180 | $201,785 | $237,227 | $274,611 | $314,047 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $133,618 | $165,954 | $200,081 | $236,099 | $274,118 | $314,252 | $356,621 | $401,354 | $448,585 | $498,459 |
| - Closing Costs | ($30,563) | ($32,397) | ($34,341) | ($36,401) | ($38,585) | ($40,900) | ($43,354) | ($45,955) | ($48,713) | ($51,636) |
| = Proceeds After Sale | $103,055 | $133,557 | $165,740 | $199,698 | $235,533 | $273,352 | $313,267 | $355,398 | $399,872 | $446,824 |
| + Cumulative Cash Flow | ($109) | $278 | $1,175 | $2,599 | $4,566 | $7,090 | $10,190 | $13,882 | $18,185 | $23,115 |
| - Approximate Cash Invested | ($115,392) | ($115,392) | ($115,392) | ($115,392) | ($115,392) | ($115,392) | ($115,392) | ($115,392) | ($115,392) | ($115,392) |
| = Net Profit | ($12,447) | $18,443 | $51,523 | $86,906 | $124,707 | $165,050 | $208,065 | $253,889 | $302,665 | $354,547 |
| Internal Rate of Return | -10.8% | 7.7% | 13.1% | 15.1% | 15.8% | 16.1% | 16.0% | 15.8% | 15.6% | 15.4% |
| Return on Investment | -10.8% | 16.0% | 44.7% | 75.3% | 108.1% | 143.0% | 180.3% | 220.0% | 262.3% | 307.3% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.