New Construction Duplex
Palm Coast, FL 32164
4BR, 4BA - City Utilities
Square Feet1,954
Initial Market Value$398,900
Purchase Price$398,900
Downpayment$99,725
Loan Origination Fees$2,992
Depreciable Closing Costs$13,962
Other Closing Costs and Fixup$0
Initial Cash Invested$116,678
Cost per Square Foot$204
Monthly Rent per Square Foot$1.33
IncomeMonthlyAnnual
Gross Rent$2,600$31,200
Vacancy Losses($130)($1,560)
Operating Income$2,470$29,640
ExpensesMonthlyAnnual
Property Taxes($482)($5,784)
Insurance($83)($997)
Management Fees($198)($2,371)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($78)($936)
Other$0$0
Operating Expenses($841)($10,089)
Net PerformanceMonthlyAnnual
Net Operating Income$1,629$19,552
- Mortgage Payments($1,407)($16,882)
= Cash Flow$222$2,670
+ Principal Reduction$449$5,384
+ First-Year Appreciation$1,995$23,934
= Gross Equity Income$2,666$31,987
+ Tax Savings$116$1,392
= GEI w/Tax Savings$2,782$33,380
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$299,175$0
Monthly Payment$1,406.83$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate3.875%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.16
Annual Gross Rent Multiplier13
Monthly Gross Rent Multiplier153
Capitalization Rate4.9%
Cash on Cash Return2%
Total Return on Investment27%
Total ROI with Tax Savings29%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate5%
Management Fee8%
Maintenance Percentage3%
Comments
Estimated Completion is Nov- Jan 2022
Property has a permit 10% due with contract
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.