Home » Properties » New Construction Duplex Property Sold by the SW Florida Property Team for $529k

New Construction Duplex Property Sold by the SW Florida Property Team for $529k

New Construction MFR Property sold by the SW FL Property Team for 550K.

Property Type:

Duplex
Purchase Price: $529,900
Gross Rent: $3,490
Cap Rate (year 1): 6.8
Cash Flow (year 1): $13,818
6
4
3,828 SQ. FT
Loan type? 75% LTV 30-year @ 3.750% with 0 Pts
?Purchase Price:$529,900
Down payment:$132,475
?Purchase cost:$15,897
?Total cash invested:$148,372
?Estimated cash flow (year 1)
?Gross rent:$3,490
?Principal & interest:$1,841
Taxes:$417
HOA:n/a
Insurance:$81
Property management:$0
Total monthly cost:$2,339
?Monthly cashflow (year 1):$1,151
?annual cashflow:$13,818

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$13,818$16,521$25,611$87,462
?Total equity:$171,577$351,136$638,534$3,043,476
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%21%
?Cash on Cash Return:9%11%17%59%
?Return on Equity:8%5%4%3%
?Internal Rate of Return (IRR):2%23%21%17%
?Return on Investment:2%156%413%2,677%

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