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 | $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 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,425 | $29,100 | | Vacancy Losses | ($194) | ($2,328) | | Operating Income | $2,231 | $26,772 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| 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 Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $274,425 | $0 | | Monthly Payment | $1,310.15 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.12 | | Annual Gross Rent Multiplier | 13 | | Monthly Gross Rent Multiplier | 151 | | Capitalization Rate | 4.8% | | Cash on Cash Return | 2% | | Total Return on Investment | 27% | | Total ROI with Tax Savings | 29% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 3% |
| 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.
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