New Construction Ocala
Ocala, FL 34481
New Construction-Rent Ready
| Square Feet | 1,127 | | Initial Market Value | $220,900 | | Purchase Price | $220,900 | | Downpayment | $55,225 | | Loan Origination Fees | $3,728 | | Depreciable Closing Costs | $6,627 | | Other Closing Costs and Fixup | $3,000 | | Initial Cash Invested | $68,580 | | Cost per Square Foot | $196 | | Monthly Rent per Square Foot | $1.60 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,800 | $21,600 | | Vacancy Losses | ($108) | ($1,296) | | Operating Income | $1,692 | $20,304 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($276) | ($3,314) | | Insurance | ($52) | ($619) | | Management Fees | ($135) | ($1,624) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($36) | ($432) | | Other | $0 | $0 | | Operating Expenses | ($499) | ($5,988) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,193 | $14,316 | | - Mortgage Payments | ($1,101) | ($13,214) | | = Cash Flow | $92 | $1,102 | | + Principal Reduction | $141 | $1,686 | | + First-Year Appreciation | $1,105 | $13,254 | | = Gross Equity Income | $1,337 | $16,042 | | + Tax Savings | $111 | $1,330 | | = GEI w/Tax Savings | $1,448 | $17,373 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $165,675 | $0 | | Monthly Payment | $1,101.13 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.08 | | Annual Gross Rent Multiplier | 10 | | Monthly Gross Rent Multiplier | 123 | | Capitalization Rate | 6.5% | | Cash on Cash Return | 2% | | Total Return on Investment | 23% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 6% | | Management Fee | 8% | | Maintenance Percentage | 2% |
| Comments |
|---|
| Marion County-this home is located south of the World Equestrian Center and around the corner from Rainbow Springs State Park. Great location for seasonal or annual rental. Luxury upgrades in a simple, ranch style new construction home. |
*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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