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New Construction SFR Sold by the Jacksonville Property Team for $289k

New Construction SFR Property sold by the JAX Property Team for 289K.

Property Type:

New Construction
Purchase Price: $289,900
Gross Rent: $1,815
Cap Rate (year 1): 5.7
Cash Flow (year 1): $4,928
4
2
1,617 SQ. FT
Loan type? 75% LTV 10/6 ARM @ 3.500% with 0 Pts
?Purchase Price:$289,900
Down payment:$72,475
?Purchase cost:$8,697
?Total cash invested:$81,172
?Estimated cash flow (year 1)
?Gross rent:$1,815
?Principal & interest:$976
Taxes:$362
HOA:n/a
Insurance:$66
Property management:$0
Total monthly cost:$1,404
?Monthly cashflow (year 1):$411
?annual cashflow:$4,928

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,928$6,167$10,666$41,654
?Total equity:$94,042$192,928$350,822$1,665,038
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%6%8%18%
?Cash on Cash Return:6%8%13%51%
?Return on Equity:5%3%3%3%
?Internal Rate of Return (IRR):-1%21%19%15%
?Return on Investment:-1%142%381%2,627%

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