New Construction Duplex Sold by the Jacksonville Property Team for $489k
Property Type:
Duplex
Purchase Price: $489,900
Gross Rent: $2,990
Cap Rate (year 1): 5.2
Cash Flow (year 1): $5,057
| Loan type | 75% LTV 10/6 ARM @ 3.750% with 3_95 Pts |
|---|---|
| Purchase Price: | $489,900 |
| Down payment: | $122,475 |
| Purchase cost: | $29,210 |
| Total cash invested: | $151,685 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,990 |
| Principal & interest: | $1,702 |
| Taxes: | $755 |
| HOA: | n/a |
| Insurance: | $112 |
| Property management: | $0 |
| Total monthly cost: | $2,569 |
| Monthly cashflow (year 1): | $421 |
| annual cashflow: | $5,057 |
