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$10,647
Other Closing Costs and Fixup$0
Initial Cash Invested$100,703
Cost per Square Foot$169
Monthly Rent per Square Foot$1.16
IncomeMonthlyAnnual
Gross Rent$2,450$29,400
Vacancy Losses($147)($1,764)
Operating Income$2,303$27,636
ExpensesMonthlyAnnual
Property Taxes($444)($5,324)
Insurance($59)($710)
Management Fees($184)($2,211)
Leasing/Advertising Fees($17)($200)
Association Fees$0$0
Maintenance($49)($588)
Other($75)($900)
Operating Expenses($828)($9,932)
Net PerformanceMonthlyAnnual
Net Operating Income$1,475$17,704
- Mortgage Payments($1,195)($14,343)
= Cash Flow$280$3,361
+ Principal Reduction$426$5,108
+ First-Year Appreciation$1,775$21,294
= Gross Equity Income$2,480$29,763
+ Tax Savings$64$769
= GEI w/Tax Savings$2,544$30,532
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 Ratio1.23
Annual Gross Rent Multiplier12
Monthly Gross Rent Multiplier145
Capitalization Rate5.0%
Cash on Cash Return3%
Total Return on Investment30%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate6%
Management Fee8%
Maintenance Percentage2%
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.