$550,000
619 Se 8th St
Cape Coral FL, 33990
Financial Returns
FinancingCash Flow/mo: $1,036
CashCash Flow/mo: $2,946
23.10%IRR
6.36%CAP Rate
8.69%Cash On Cash
$0Equity
Property Information
- Beds: 6
- Baths: 2
- Sq Feet: 2,686
- Year: 2024
- Monthly Rent: $3,990
- Property Taxes: $9,741
- Annual HOA: $0
NEW BUILD IN 2024 DUPLEX! ALREADY RENTED AND CASH FLOWING! 3 bedrooms, 1 bathroom, 1,343 sqft each unit. 3.75% Interest Rate with Rate Buydown from Seller! 1 Year Pre-Paid Property Management! 8% after that. In house property management.
Financial Projections
Debt (405k, 389k, 372k, 322k) Equity (151k, 167k, 184k, 233k) Appreciation (28k, 88k, 154k, 352k) Cash Positioning (12k, 41k, 73k, 176k)
Financing Assumptions
| Loan Amount | $412,500 |
| Financed Rehab Amount | $0 |
| Interest Rate | 3.75% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,910 |
Initial Investment
| Down Payment (25%) | $137,500 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $5,500 |
| Points (0%) | $0 |
| Total Out Of Pocket | $143,000 |
Property KPI Without Financing
| Annual Cash Flow | $35,356 |
| All In Cost | $555,500 |
| Cap Rate | 6.36% |
Property KPI With Financing
| Annual Cash Flow | $12,432 |
| Total Out Of Pocket | $143,000 |
| Cash On Cash | 8.69% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 25.41% | 25.41% | 25.41% | 25.41% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $3,990 | $47,880 | $50,796 | $53,889 | $62,473 |
| Vacancy Rate (1%) | $40 | $479 | $508 | $539 | $625 |
| Gross Rental Income | $3,950 | $47,401 | $50,288 | $53,350 | $61,848 |
| Expenses | |||||
| Estimated Annual Property Taxes | $812 | $9,741 | $10,334 | $10,964 | $12,710 |
| Estimated Annual Homeowners Insurance | $74 | $882 | $936 | $993 | $1,151 |
| Maintenance & Repairs (3%) | $119 | $1,422 | $1,509 | $1,601 | $1,855 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $1,004 | $12,045 | $12,779 | $13,557 | $15,716 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,946 | $35,356 | $37,509 | $39,794 | $46,132 |
| Net Cashflow | $35,356 | $37,509 | $39,794 | $46,132 | |
| Cap Rate | 6.36% | 6.75% | 7.16% | 8.3% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,946 | $35,356 | $37,509 | $39,794 | $46,132 |
| Mortgage | $1,910 | $22,924 | $22,924 | $22,924 | $22,924 |
| Net Cashflow | $12,432 | $14,585 | $16,869 | $23,208 | |
| Cash On Cash | 8.69% | 10.2% | 11.8% | 16.23% | |
Property Photos
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.