Jacksonville New Construction Marietta Estates
Jacksonville, FL 32220
3 bdrm/ 2 bath - 2 car garage Built 2020
| Square Feet | 1,209 | | 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 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,400 | $16,800 | | Vacancy Losses | ($112) | ($1,344) | | Operating Income | $1,288 | $15,456 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| 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 Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $134,175 | $0 | | Monthly Payment | $720.28 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.19 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 128 | | Capitalization Rate | 5.8% | | Cash on Cash Return | 3% | | Total Return on Investment | 27% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 3% |
*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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