Pre-Construction Duplex
Port Charlotte, FL 33954
4BR, 4BA, New Construction
Square Feet | 2,104 | 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 |
Income | Monthly | Annual |
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Gross Rent | $2,450 | $29,400 | Vacancy Losses | ($147) | ($1,764) | Operating Income | $2,303 | $27,636 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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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 Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $266,175 | $0 | Monthly Payment | $1,195.24 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 3.500% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.23 | Annual Gross Rent Multiplier | 12 | Monthly Gross Rent Multiplier | 145 | Capitalization Rate | 5.0% | Cash on Cash Return | 3% | Total Return on Investment | 30% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 6% | Management Fee | 8% | Maintenance Percentage | 2% |
Comments |
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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.
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