Home » Properties » Multi-Family Property Sold by the Jacksonville, FL Property Team for $409K

Multi-Family Property Sold by the Jacksonville, FL Property Team for $409K

Property Type:

Multi Family Rental
Purchase Price: $409,900
Gross Rent: $2,730
Cap Rate (year 1): 6.2
Cash Flow (year 1): $8,403
4
4
2,104 SQ. FT
Loan type? 75% LTV 30-year @ 3.750% with 2 Pts
?Purchase Price:$409,900
Down payment:$102,475
?Purchase cost:$18,446
?Total cash invested:$120,921
?Estimated cash flow (year 1)
?Gross rent:$2,730
?Principal & interest:$1,424
Taxes:$512
HOA:n/a
Insurance:$94
Property management:n/a
Total monthly cost:$2,030
?Monthly cashflow (year 1):$700
?annual cashflow:$8,403

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$8,403$10,303$17,122$63,995
?Total equity:$132,722$271,619$493,933$2,354,257
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%7%8%20%
?Cash on Cash Return:7%9%14%53%
?Return on Equity:6%4%4%3%
?Internal Rate of Return (IRR):-5%20%19%16%
?Return on Investment:-5%135%369%2,465%

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