Duplex!
Bonita Springs, FL 34135
4 bdrm/ 2 bath each side - Built 1989
Square Feet | 2,544 | Initial Market Value | $699,900 | Purchase Price | $699,900 | Downpayment | $174,975 | Loan Origination Fees | $11,811 | Depreciable Closing Costs | $20,997 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $207,783 | Cost per Square Foot | $275 | Monthly Rent per Square Foot | $2.36 |
Income | Monthly | Annual |
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Gross Rent | $6,000 | $72,000 | Vacancy Losses | ($480) | ($5,760) | Operating Income | $5,520 | $66,240 |
Expenses | Monthly | Annual |
---|
Property Taxes | ($700) | ($8,399) | Insurance | ($262) | ($3,150) | Management Fees | ($442) | ($5,299) | Leasing/Advertising Fees | $0 | $0 | Association Fees | $0 | $0 | Maintenance | ($300) | ($3,600) | Other | $0 | $0 | Operating Expenses | ($1,704) | ($20,448) |
Net Performance | Monthly | Annual |
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Net Operating Income | $3,816 | $45,792 | - Mortgage Payments | ($3,489) | ($41,866) | = Cash Flow | $327 | $3,927 | + Principal Reduction | $445 | $5,342 | + First-Year Appreciation | $3,500 | $41,994 | = Gross Equity Income | $4,272 | $51,263 | + Tax Savings | $339 | $4,066 | = GEI w/Tax Savings | $4,611 | $55,329 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $524,925 | $0 | Monthly Payment | $3,488.81 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.09 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 117 | Capitalization Rate | 6.5% | Cash on Cash Return | 2% | Total Return on Investment | 25% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 5% | *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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