New Construction Duplex
Port Charlotte , FL 33984
4BR, 4BA, Pre-Construction
Square Feet | 2,332 | Initial Market Value | $365,900 | Purchase Price | $365,900 | Downpayment | $365,900 | Loan Origination Fees | $0 | Depreciable Closing Costs | $16,466 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $382,366 | Cost per Square Foot | $157 | Monthly Rent per Square Foot | $1.04 |
Income | Monthly | Annual |
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Gross Rent | $2,425 | $29,100 | Vacancy Losses | ($194) | ($2,328) | Operating Income | $2,231 | $26,772 |
Expenses | Monthly | Annual |
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Property Taxes | ($457) | ($5,489) | Insurance | ($61) | ($732) | Management Fees | $0 | $0 | Leasing/Advertising Fees | ($17) | ($200) | Association Fees | $0 | $0 | Maintenance | ($73) | ($873) | Other | $0 | $0 | Operating Expenses | ($608) | ($7,293) |
Net Performance | Monthly | Annual |
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Net Operating Income | $1,623 | $19,479 | - Mortgage Payments | $0 | $0 | = Cash Flow | $1,623 | $19,479 | + Principal Reduction | $0 | $0 | + First-Year Appreciation | $1,830 | $21,954 | = Gross Equity Income | $3,453 | $41,433 | + Tax Savings | $0 | $0 | = GEI w/Tax Savings | $3,453 | $41,433 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 0% | 0% | Loan Amount | $0 | $0 | Monthly Payment | $0.00 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 4.000% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | N/A | Annual Gross Rent Multiplier | 13 | Monthly Gross Rent Multiplier | 151 | Capitalization Rate | 5.3% | Cash on Cash Return | 5% | Total Return on Investment | 11% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 0% | Maintenance Percentage | 3% |
Comments |
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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.
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