New Construction Duplex Sold by the Jacksonville Property Team for $399k
Property Type:
New Construction
Purchase Price: $399,900
Gross Rent: $2,620
Cap Rate (year 1): 6.1
Cash Flow (year 1): $7,668
| Loan type | 75% LTV 30-year @ 3.750% with 3_95 Pts |
|---|---|
| Purchase Price: | $399,900 |
| Down payment: | $99,975 |
| Purchase cost: | $23,844 |
| Total cash invested: | $123,819 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,620 |
| Principal & interest: | $1,389 |
| Taxes: | $500 |
| HOA: | n/a |
| Insurance: | $92 |
| Property management: | $0 |
| Total monthly cost: | $1,981 |
| Monthly cashflow (year 1): | $639 |
| annual cashflow: | $7,668 |
