New Construction Duplex
Punta Gorda, FL 33983
6BR, 4BA, Pre-Construction
| Square Feet | 2,510 | | Initial Market Value | $314,900 | | Purchase Price | $314,900 | | Downpayment | $78,725 | | Loan Origination Fees | $2,362 | | Depreciable Closing Costs | $9,447 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $90,534 | | Cost per Square Foot | $125 | | Monthly Rent per Square Foot | $1.08 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,700 | $32,400 | | Vacancy Losses | ($216) | ($2,592) | | Operating Income | $2,484 | $29,808 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($367) | ($4,409) | | Insurance | ($105) | ($1,260) | | Management Fees | ($199) | ($2,385) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($12) | ($144) | | Maintenance | ($81) | ($972) | | Other | $0 | $0 | | Operating Expenses | ($764) | ($9,169) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,720 | $20,639 | | - Mortgage Payments | ($1,268) | ($15,214) | | = Cash Flow | $452 | $5,425 | | + Principal Reduction | $290 | $3,484 | | + First-Year Appreciation | $1,575 | $18,894 | | = Gross Equity Income | $2,317 | $27,804 | | + Tax Savings | $17 | $204 | | = GEI w/Tax Savings | $2,334 | $28,008 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $236,175 | $0 | | Monthly Payment | $1,267.84 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.36 | | Annual Gross Rent Multiplier | 10 | | Monthly Gross Rent Multiplier | 117 | | Capitalization Rate | 6.6% | | Cash on Cash Return | 6% | | Total Return on Investment | 31% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 3% |
| Comments |
|---|
| Estimated April-June Completion. This 6 bedroom, 4 bath, duplex is located in a very desirable area of Punta Gorda,Florida. Retail stores and popular restaurants conventionally located nearby. Property on city sewer and water. Duplexes are concrete block |
*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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