Pre-Construction in Ocala
Ocala, FL 34473
NEW BLOCK Construction--> 3 BR, 2BA, 2 Car Garage
| Square Feet | 1,357 | | Initial Market Value | $165,900 | | Purchase Price | $165,900 | | Downpayment | $41,475 | | Loan Origination Fees | $1,244 | | Depreciable Closing Costs | $5,807 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $48,526 | | Cost per Square Foot | $122 | | Monthly Rent per Square Foot | $1.01 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,375 | $16,500 | | Vacancy Losses | ($69) | ($825) | | Operating Income | $1,306 | $15,675 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($207) | ($2,489) | | Insurance | ($28) | ($332) | | Management Fees | ($105) | ($1,254) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($41) | ($495) | | Other | $0 | $0 | | Operating Expenses | ($381) | ($4,569) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $925 | $11,106 | | - Mortgage Payments | ($612) | ($7,345) | | = Cash Flow | $313 | $3,761 | | + Principal Reduction | $175 | $2,098 | | + First-Year Appreciation | $830 | $9,954 | | = Gross Equity Income | $1,318 | $15,812 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $1,318 | $15,812 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $124,425 | $0 | | Monthly Payment | $612.10 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.250% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.51 | | Annual Gross Rent Multiplier | 10 | | Monthly Gross Rent Multiplier | 121 | | Capitalization Rate | 6.7% | | Cash on Cash Return | 8% | | Total Return on Investment | 33% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 5% | | Management Fee | 8% | | Maintenance Percentage | 3% |
| Comments |
|---|
| Estimated Completion: Feb-April 2021 |
*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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