Property Information

IN ESCROW
Pre-Construction Duplex
Port Charlotte, FL 33954
4BR, 4BA, New Construction
Square Feet2,104
Initial Market Value$354,900
Purchase Price$354,900
Downpayment$88,725
Loan Origination Fees$1,331
Depreciable Closing Costs$12,422
Other Closing Costs and Fixup$0
Initial Cash Invested$102,477
Cost per Square Foot$169
Monthly Rent per Square Foot$1.16
IncomeMonthlyAnnual
Gross Rent$2,450$29,400
Vacancy Losses($123)($1,470)
Operating Income$2,328$27,930
ExpensesMonthlyAnnual
Property Taxes($426)($5,111)
Insurance($59)($710)
Management Fees($186)($2,234)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($74)($882)
Other($75)($900)
Operating Expenses($820)($9,837)
Net PerformanceMonthlyAnnual
Net Operating Income$1,508$18,093
- Mortgage Payments($1,195)($14,343)
= Cash Flow$313$3,750
+ Principal Reduction$426$5,108
+ First-Year Appreciation$1,775$21,294
= Gross Equity Income$2,513$30,153
+ Tax Savings$55$658
= GEI w/Tax Savings$2,568$30,810
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$266,175$0
Monthly Payment$1,195.24$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate3.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.26
Annual Gross Rent Multiplier12
Monthly Gross Rent Multiplier145
Capitalization Rate5.1%
Cash on Cash Return4%
Total Return on Investment29%
Total ROI with Tax Savings30%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate5%
Management Fee8%
Maintenance Percentage3%
Comments
Estimated Completion is Dec 2021- Feb 2022
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.