New Construction Duplex Property Sold by the SW Florida Property Team for $575k

new construction Multi family rental sold by the SW Florida team for 575K.

Property Type:

Duplex
Purchase Price: $575,000
Gross Rent: $3,790
Cap Rate (year 1): 6.3
Cash Flow (year 1): $11,986
6
4
2,706 SQ. FT
Loan type? 75% LTV 30-year @ 3.750% with 0 Pts
?Purchase Price:$575,000
Down payment:$143,750
?Purchase cost:$17,250
?Total cash invested:$161,000
?Estimated cash flow (year 1)
?Gross rent:$3,790
?Principal & interest:$1,997
Taxes:$692
HOA:$21
Insurance:$81
Property management:$0
Total monthly cost:$2,791
?Monthly cashflow (year 1):$999
?annual cashflow:$11,986

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$11,986$14,669$24,200$89,602
?Total equity:$186,180$381,022$692,880$3,302,507
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%7%8%20%
?Cash on Cash Return:7%9%15%56%
?Return on Equity:6%4%4%3%
?Internal Rate of Return (IRR):0%22%20%16%
?Return on Investment:0%146%393%2,601%

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