Home » Properties » New Construction SFR Sold by the Jacksonville Property Team for $303k

New Construction SFR Sold by the Jacksonville Property Team for $303k

Single Family Rental Sold by the Jacksonville Property Team for $303k

Property Type:

New Construction
Purchase Price: $303,400
Gross Rent: $1,674
Cap Rate (year 1): 4.8
Cash Flow (year 1): $2,054
3
2
1,312 SQ. FT
Loan type? 75% LTV 10/6 ARM @ 3.750% with 2 Pts
?Purchase Price:$303,400
Down payment:$75,850
?Purchase cost:$15,170
?Total cash invested:$91,020
?Estimated cash flow (year 1)
?Gross rent:$1,674
?Principal & interest:$1,054
Taxes:$379
HOA:n/a
Insurance:$70
Property management:$0
Total monthly cost:$1,503
?Monthly cashflow (year 1):$171
?annual cashflow:$2,054

Buy & Hold Projections

?Appreciation:
6%
?Income Increase:
4%
?Expense Increase:
2%
?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$2,054$3,142$7,219$35,420
?Total equity:$98,238$201,047$365,600$1,742,575
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):5%5%7%16%
?Cash on Cash Return:2%4%8%39%
?Return on Equity:2%2%2%2%
?Internal Rate of Return (IRR):-11%16%16%13%
?Return on Investment:-11%107%310%2,185%

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