New Construction Duplex Sold by the Jacksonville Property Team for $424k
Property Type:
New Construction
Purchase Price: $424,900
Gross Rent: $2,590
Cap Rate (year 1): 5.5
Cash Flow (year 1): $5,834
| Loan type | 75% LTV 30-year @ 3.750% with 3_95 Pts |
|---|---|
| Purchase Price: | $424,900 |
| Down payment: | $106,225 |
| Purchase cost: | $25,335 |
| Total cash invested: | $131,560 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,590 |
| Principal & interest: | $1,476 |
| Taxes: | $531 |
| HOA: | n/a |
| Insurance: | $97 |
| Property management: | $0 |
| Total monthly cost: | $2,104 |
| Monthly cashflow (year 1): | $486 |
| annual cashflow: | $5,834 |
