Property Information
Duplex!
Bonita Springs, FL 34135
| Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Gross Rent | $72,000 | $74,160 | $76,385 | $78,676 | $81,037 | $83,468 | $85,972 | $88,551 | $91,207 | $93,944 |
| Vacancy Losses | ($5,760) | ($5,933) | ($6,111) | ($6,294) | ($6,483) | ($6,677) | ($6,878) | ($7,084) | ($7,297) | ($7,515) |
| Operating Income | $66,240 | $68,227 | $70,274 | $72,382 | $74,554 | $76,790 | $79,094 | $81,467 | $83,911 | $86,428 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($8,399) | ($8,651) | ($8,910) | ($9,178) | ($9,453) | ($9,737) | ($10,029) | ($10,329) | ($10,639) | ($10,959) |
| Insurance | ($3,150) | ($3,244) | ($3,341) | ($3,442) | ($3,545) | ($3,651) | ($3,761) | ($3,874) | ($3,990) | ($4,109) |
| Management Fees | ($5,299) | ($5,458) | ($5,622) | ($5,791) | ($5,964) | ($6,143) | ($6,328) | ($6,517) | ($6,713) | ($6,914) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($3,600) | ($3,708) | ($3,819) | ($3,934) | ($4,052) | ($4,173) | ($4,299) | ($4,428) | ($4,560) | ($4,697) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($20,448) | ($21,061) | ($21,693) | ($22,344) | ($23,014) | ($23,704) | ($24,415) | ($25,148) | ($25,902) | ($26,679) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $45,792 | $47,166 | $48,581 | $50,039 | $51,540 | $53,086 | $54,679 | $56,319 | $58,009 | $59,749 |
| - Mortgage Payments | ($41,866) | ($41,866) | ($41,866) | ($41,866) | ($41,866) | ($41,866) | ($41,866) | ($41,866) | ($41,866) | ($41,866) |
| = Cash Flow | $3,927 | $5,301 | $6,715 | $8,173 | $9,674 | $11,220 | $12,813 | $14,453 | $16,143 | $17,883 |
| + Principal Reduction | $5,342 | $5,728 | $6,142 | $6,585 | $7,060 | $7,570 | $8,116 | $8,702 | $9,330 | $10,004 |
| + Appreciation | $41,994 | $44,514 | $47,184 | $50,016 | $53,016 | $56,197 | $59,569 | $63,143 | $66,932 | $70,948 |
| = Gross Equity Income | $51,263 | $55,542 | $60,042 | $64,773 | $69,751 | $74,988 | $80,498 | $86,299 | $92,405 | $98,835 |
| Capitalization Rate | 6.2% | 6.0% | 5.8% | 5.7% | 5.5% | 5.3% | 5.2% | 5.0% | 4.9% | 4.8% |
| Cash on Cash Return | 1.9% | 2.6% | 3.2% | 3.9% | 4.7% | 5.4% | 6.2% | 7.0% | 7.8% | 8.6% |
| Return on Equity | 23.1% | 20.4% | 18.4% | 16.9% | 15.8% | 14.8% | 14.0% | 13.4% | 12.8% | 12.3% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $741,894 | $786,408 | $833,592 | $883,608 | $936,624 | $992,822 | $1,052,391 | $1,115,534 | $1,182,466 | $1,253,414 |
| - Loan Balance | ($519,583) | ($513,854) | ($507,713) | ($501,128) | ($494,068) | ($486,498) | ($478,382) | ($469,679) | ($460,349) | ($450,345) |
| = Equity | $222,311 | $272,553 | $325,879 | $382,480 | $442,556 | $506,324 | $574,009 | $645,855 | $722,117 | $803,069 |
| Loan-to-Value Ratio | 70.0% | 65.3% | 60.9% | 56.7% | 52.7% | 49.0% | 45.5% | 42.1% | 38.9% | 35.9% |
| Potential Cash-Out Refi | $148,122 | $193,912 | $242,520 | $294,119 | $348,894 | $407,042 | $468,770 | $534,301 | $603,871 | $677,727 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $222,311 | $272,553 | $325,879 | $382,480 | $442,556 | $506,324 | $574,009 | $645,855 | $722,117 | $803,069 |
| - Closing Costs | ($51,933) | ($55,049) | ($58,351) | ($61,853) | ($65,564) | ($69,498) | ($73,667) | ($78,087) | ($82,773) | ($87,739) |
| = Proceeds After Sale | $170,379 | $217,505 | $267,528 | $320,627 | $376,993 | $436,826 | $500,342 | $567,767 | $639,345 | $715,330 |
| + Cumulative Cash Flow | $3,927 | $9,227 | $15,943 | $24,116 | $33,790 | $45,010 | $57,823 | $72,276 | $88,419 | $106,302 |
| - Initial Cash Invested | ($207,783) | ($207,783) | ($207,783) | ($207,783) | ($207,783) | ($207,783) | ($207,783) | ($207,783) | ($207,783) | ($207,783) |
| = Net Profit | ($33,477) | $18,949 | $75,688 | $136,960 | $203,000 | $274,053 | $350,382 | $432,261 | $519,981 | $613,849 |
| Internal Rate of Return | -16.1% | 4.5% | 11.1% | 13.9% | 15.1% | 15.7% | 15.9% | 16.0% | 15.9% | 15.8% |
| Return on Investment | -16.1% | 9.1% | 36.4% | 65.9% | 97.7% | 131.9% | 168.6% | 208.0% | 250.3% | 295.4% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
