North Port Florida Proforma

Property Address
North Port Sample Home
 
 
Property Information
Type Dwelling:SFR
Square Footage:1548
Year Built:2020
Sales Details
This is based on our New Construction 1548 model built on a lot in North Port
Financial Information
Purchase Price$228,900.00
Down Payment25%57,225.00
LTV (1st Loan)75%171,675.00
Mortgage Rate – Payment3.75%795.44
Amortization Term (years)
 30 
Property Taxes310.35
Insurance55.00
HOA Fees0.00
Property Management102.00
Other Expenses 
Total Monthly Expenses$1,262.79
 LowHigh
Rent Range1,6501,700
Net Cash Flow (pre – tax)$387.21$437.21
 
Annualized
Cash Return on Investment$5,246.489.2%
Principal Reduction3,100.645.4%
Tax Reduction – Based on 25% Tax Bracket1,557.952.7%
Total ROI9,905.0717.3%
 
Financial Indicators
Debt Coverage Ratio:1.55
Capitalization Rate:6.5%
Appreciation 6%  
Vacancy 0%  
Income Growth
 3%  
Maintenance 0%  
ANNUAL INCOME ANALYSISYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Operating Income20,400.0021,012.0021,642.3622,291.6322,960.3823,649.1924,358.6725,089.4325,842.1126,617.37
(-) Mortgage Payments9,545.329,545.329,545.329,545.329,545.329,545.329,545.329,545.329,545.329,545.32
(-) Vacancy/Maintenance0.000.000.000.000.000.000.000.000.000.00
(-) Other Expenses5,608.205,608.205,608.205,608.205,608.205,608.205,608.205,608.205,608.205,608.20
           
Annual Cash Flow5,246.485,858.486,488.847,138.117,806.868,495.679,205.149,935.9010,688.5911,463.85
(+) Principal Reduction3,100.643,217.043,337.813,463.113,593.113,728.003,867.954,013.154,163.804,320.11
Loan Balance168,574.36165,357.32162,019.51158,556.40154,963.29151,235.29147,367.34143,354.19139,190.39134,870.27
Market Value228,900.00242,634.00257,192.04272,623.56288,980.98306,319.83324,699.02344,180.97364,831.82386,721.73
(+) Appreciation13,734.0014,558.0415,431.5216,357.4117,338.8618,379.1919,481.9420,650.8621,889.9123,203.30
Cash on Cash Return9%10%11%12%14%15%16%17%19%20%
           
Equity60,32677,27795,173114,067134,018155,085177,332200,827225,641251,851
(+) Cum. Cash Flow5,24611,10517,59424,73232,53941,03450,24060,17570,86482,328
(-) Initial Cash Invested57,22557,22557,22557,22557,22557,22557,22557,22557,22557,225
Net Profit65,572.1288,381.63112,766.32138,799.05166,556.44196,118.96227,571.24261,002.24296,505.49334,179.36
Return on Investment114.6%154.4%197.1%242.5%291.1%342.7%397.7%456.1%518.1%584.0%

All financial information, while not guaranteed, is from sources we believe to be reliable. Performance & Projections are estimated and subject to change. The provider shall be held harmless if returns are not met. All Investments have risks and Investors are urged to perform their own due diligence prior to investing.