Multi-Family Property Sold by the Jacksonville, FL Property Team for $399K

Jax 409k

Property Type:

Multi Family Rental
Purchase Price: $399,900
Gross Rent: $2,830
Cap Rate (year 1): 6.7
Cash Flow (year 1): $10,188
4
4
2,104 SQ. FT
Loan type? 75% LTV 30-year @ 3.750% with 2 Pts
?Purchase Price:$399,900
Down payment:$99,975
?Purchase cost:$17,996
?Total cash invested:$117,971
?Estimated cash flow (year 1)
?Gross rent:$2,830
?Principal & interest:$1,389
Taxes:$500
HOA:n/a
Insurance:$92
Property management:n/a
Total monthly cost:$1,981
?Monthly cashflow (year 1):$849
?annual cashflow:$10,188

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$10,188$12,192$19,311$68,152
?Total equity:$129,484$264,992$481,883$2,296,822
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%21%
?Cash on Cash Return:9%10%16%58%
?Return on Equity:8%5%4%3%
?Internal Rate of Return (IRR):-3%22%21%17%
?Return on Investment:-3%144%388%2,552%

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