Property Information
New Construction Ocala
Ocala, FL 34481
| Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Gross Rent | $21,600 | $22,248 | $22,915 | $23,603 | $24,311 | $25,040 | $25,792 | $26,565 | $27,362 | $28,183 |
| Vacancy Losses | ($1,296) | ($1,335) | ($1,375) | ($1,416) | ($1,459) | ($1,502) | ($1,547) | ($1,594) | ($1,642) | ($1,691) |
| Operating Income | $20,304 | $20,913 | $21,541 | $22,187 | $22,852 | $23,538 | $24,244 | $24,971 | $25,720 | $26,492 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($3,314) | ($3,413) | ($3,515) | ($3,621) | ($3,729) | ($3,841) | ($3,956) | ($4,075) | ($4,197) | ($4,323) |
| Insurance | ($619) | ($637) | ($656) | ($676) | ($696) | ($717) | ($739) | ($761) | ($784) | ($807) |
| Management Fees | ($1,624) | ($1,673) | ($1,723) | ($1,775) | ($1,828) | ($1,883) | ($1,940) | ($1,998) | ($2,058) | ($2,119) |
| 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 | ($432) | ($445) | ($458) | ($472) | ($486) | ($501) | ($516) | ($531) | ($547) | ($564) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($5,988) | ($6,168) | ($6,353) | ($6,544) | ($6,740) | ($6,942) | ($7,150) | ($7,365) | ($7,586) | ($7,813) |
| 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 | $14,316 | $14,745 | $15,187 | $15,643 | $16,112 | $16,596 | $17,094 | $17,606 | $18,135 | $18,679 |
| - Mortgage Payments | ($13,214) | ($13,214) | ($13,214) | ($13,214) | ($13,214) | ($13,214) | ($13,214) | ($13,214) | ($13,214) | ($13,214) |
| = Cash Flow | $1,102 | $1,532 | $1,974 | $2,430 | $2,899 | $3,382 | $3,880 | $4,393 | $4,921 | $5,465 |
| + Principal Reduction | $1,686 | $1,808 | $1,938 | $2,078 | $2,228 | $2,389 | $2,562 | $2,747 | $2,945 | $3,157 |
| + Appreciation | $13,254 | $14,049 | $14,892 | $15,786 | $16,733 | $17,737 | $18,801 | $19,929 | $21,125 | $22,392 |
| = Gross Equity Income | $16,042 | $17,389 | $18,805 | $20,294 | $21,860 | $23,508 | $25,243 | $27,069 | $28,991 | $31,015 |
| Capitalization Rate | 6.1% | 5.9% | 5.8% | 5.6% | 5.5% | 5.3% | 5.1% | 5.0% | 4.9% | 4.7% |
| Cash on Cash Return | 1.6% | 2.2% | 2.9% | 3.5% | 4.2% | 4.9% | 5.7% | 6.4% | 7.2% | 8.0% |
| Return on Equity | 22.9% | 20.2% | 18.3% | 16.8% | 15.7% | 14.7% | 13.9% | 13.3% | 12.7% | 12.2% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $234,154 | $248,203 | $263,095 | $278,881 | $295,614 | $313,351 | $332,152 | $352,081 | $373,206 | $395,598 |
| - Loan Balance | ($163,989) | ($162,181) | ($160,242) | ($158,164) | ($155,936) | ($153,546) | ($150,985) | ($148,238) | ($145,293) | ($142,136) |
| = Equity | $70,165 | $86,022 | $102,853 | $120,717 | $139,678 | $159,804 | $181,167 | $203,843 | $227,913 | $253,462 |
| 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 | $46,750 | $61,202 | $76,543 | $92,829 | $110,117 | $128,469 | $147,952 | $168,635 | $190,592 | $213,903 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $70,165 | $86,022 | $102,853 | $120,717 | $139,678 | $159,804 | $181,167 | $203,843 | $227,913 | $253,462 |
| - Closing Costs | ($16,391) | ($17,374) | ($18,417) | ($19,522) | ($20,693) | ($21,935) | ($23,251) | ($24,646) | ($26,124) | ($27,692) |
| = Proceeds After Sale | $53,774 | $68,648 | $84,436 | $101,195 | $118,985 | $137,870 | $157,917 | $179,197 | $201,788 | $225,771 |
| + Cumulative Cash Flow | $1,102 | $2,634 | $4,608 | $7,037 | $9,936 | $13,318 | $17,198 | $21,591 | $26,512 | $31,977 |
| - Initial Cash Invested | ($68,580) | ($68,580) | ($68,580) | ($68,580) | ($68,580) | ($68,580) | ($68,580) | ($68,580) | ($68,580) | ($68,580) |
| = Net Profit | ($13,703) | $2,702 | $20,464 | $39,653 | $60,342 | $82,608 | $106,535 | $132,209 | $159,721 | $189,168 |
| Internal Rate of Return | -20.0% | 2.0% | 9.2% | 12.4% | 13.9% | 14.6% | 15.0% | 15.1% | 15.2% | 15.1% |
| Return on Investment | -20.0% | 3.9% | 29.8% | 57.8% | 88.0% | 120.5% | 155.3% | 192.8% | 232.9% | 275.8% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
