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 |
|---|
| 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 |
|---|
| 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 |
|---|
| 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 | |
|---|
| 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 | |
|---|
| 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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