Property Information

IN ESCROW
Jacksonville New Construction Marietta Estates
Jacksonville, FL 32220
3 bdrm/ 2 bath - 2 car garage Built 2020
Square Feet1,209
Initial Market Value$178,900
Purchase Price$178,900
Downpayment$44,725
Loan Origination Fees$1,342
Depreciable Closing Costs$7,156
Other Closing Costs and Fixup$0
Initial Cash Invested$53,223
Cost per Square Foot$148
Monthly Rent per Square Foot$1.16
IncomeMonthlyAnnual
Gross Rent$1,400$16,800
Vacancy Losses($112)($1,344)
Operating Income$1,288$15,456
ExpensesMonthlyAnnual
Property Taxes($239)($2,862)
Insurance($45)($537)
Management Fees($103)($1,236)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($42)($504)
Other$0$0
Operating Expenses($428)($5,140)
Net PerformanceMonthlyAnnual
Net Operating Income$860$10,316
- Mortgage Payments($720)($8,643)
= Cash Flow$139$1,673
+ Principal Reduction$165$1,980
+ First-Year Appreciation$895$10,734
= Gross Equity Income$1,199$14,387
+ Tax Savings$52$622
= GEI w/Tax Savings$1,251$15,008
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$134,175$0
Monthly Payment$720.28$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.19
Annual Gross Rent Multiplier11
Monthly Gross Rent Multiplier128
Capitalization Rate5.8%
Cash on Cash Return3%
Total Return on Investment27%
Total ROI with Tax Savings28%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.