Home » Properties » New Construction Duplex Property Sold by the SW Florida Property Team for $550k

New Construction Duplex Property Sold by the SW Florida Property Team for $550k

Multi Family Property Rental Property sold by the SW FL Property Team for $550K.

Property Type:

Duplex
Purchase Price: $550,000
Gross Rent: $3,890
Cap Rate (year 1): 6.9
Cash Flow (year 1): $15,164
6
4
2,500 SQ. FT
Loan type? 75% LTV 30-year @ 3.750% with 0 Pts
?Purchase Price:$550,000
Down payment:$137,500
?Purchase cost:$16,500
?Total cash invested:$154,000
?Estimated cash flow (year 1)
?Gross rent:$3,890
?Principal & interest:$1,910
Taxes:$633
HOA:n/a
Insurance:$83
Property management:$0
Total monthly cost:$2,626
?Monthly cashflow (year 1):$1,264
?annual cashflow:$15,164

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$15,164$18,016$27,933$95,751
?Total equity:$178,085$364,455$662,755$3,158,920
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%22%
?Cash on Cash Return:10%12%18%62%
?Return on Equity:9%5%4%3%
?Internal Rate of Return (IRR):3%23%22%17%
?Return on Investment:3%158%419%2,722%

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