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New Construction Duplex Sold by the Jacksonville Property Team for $399k

New Construction Duplex Investment Property sold by The Jacksonville Team for 399K.

Property Type:

New Construction
Purchase Price: $399,900
Gross Rent: $2,594
Cap Rate (year 1): 6.0
Cash Flow (year 1): $7,356
4
4
1,968 SQ. FT
Loan type? 75% LTV 10/6 ARM @ 3.750% with 2 Pts
?Purchase Price:$399,900
Down payment:$99,975
?Purchase cost:$19,995
?Total cash invested:$119,970
?Estimated cash flow (year 1)
?Gross rent:$2,594
?Principal & interest:$1,389
Taxes:$500
HOA:n/a
Insurance:$92
Property management:$0
Total monthly cost:$1,981
?Monthly cashflow (year 1):$613
?annual cashflow:$7,356

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$7,356$9,144$15,603$60,027
?Total equity:$129,484$264,992$481,883$2,296,822
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%7%8%19%
?Cash on Cash Return:6%8%13%50%
?Return on Equity:6%5%5%3%
?Internal Rate of Return (IRR):-7%19%19%15%
?Return on Investment:-7%127%353%2,386%

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