New Construction Duplex
Port Charlotte , FL 33984
4BR, 4BA, Pre-Construction
Square Feet2,332
Initial Market Value$365,900
Purchase Price$365,900
Downpayment$91,475
Loan Origination Fees$2,744
Depreciable Closing Costs$10,977
Other Closing Costs and Fixup$0
Initial Cash Invested$105,196
Cost per Square Foot$157
Monthly Rent per Square Foot$1.04
IncomeMonthlyAnnual
Gross Rent$2,425$29,100
Vacancy Losses($194)($2,328)
Operating Income$2,231$26,772
ExpensesMonthlyAnnual
Property Taxes($396)($4,757)
Insurance($122)($1,464)
Management Fees($178)($2,142)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($73)($873)
Other$0$0
Operating Expenses($770)($9,235)
Net PerformanceMonthlyAnnual
Net Operating Income$1,461$17,537
- Mortgage Payments($1,310)($15,722)
= Cash Flow$151$1,815
+ Principal Reduction$403$4,833
+ First-Year Appreciation$1,830$21,954
= Gross Equity Income$2,383$28,602
+ Tax Savings$126$1,508
= GEI w/Tax Savings$2,509$30,110
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$274,425$0
Monthly Payment$1,310.15$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.12
Annual Gross Rent Multiplier13
Monthly Gross Rent Multiplier151
Capitalization Rate4.8%
Cash on Cash Return2%
Total Return on Investment27%
Total ROI with Tax Savings29%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
Comments
Estimated Completion Nov- Jan 2022

4 Bedrooms (2 Beds/unit)
4 Baths (2 Baths/unit)
No Garage/Cover Lanai
Sq. Ft.: 2,332/each unit 1,166
On City Water and Septic

No HOA
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.