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3 Unison Ct, Lot 3 Palm Coast, FL 32164

4 Beds 4 Baths 1,954 sqft Built 2020 2 Units

INVESTimate

$297,900

List Price

$2,650

$2,400 - $2,900

Rent Est.

$320,868  ( +7.71%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
Built 2020 NEW CONSTRUCTION
2 Units MULTIFAMILY
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $152.46
  • 6 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,954 sqft
  • Baths : 4 full
Listing Agent

Tobin

SEE MORE

  • Jacksonville metro contributes to 7.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Jacksonville metro has 63.2% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 63.5% in 2020 (USMayors.org, 2018)
  • Jacksonville metro's economy is worth $79 billion in Gross Metro Product and projected to grow to $83.7 billion in 2019 (USMayors.org, 2018)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Jacksonville inherits the same rank being part of Florida.
  • Jacksonville metro employment growth is at 2.9% and predicted to grow at 2.2% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 32164

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280k300kPrice in $49k309k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 32164

NeighborhoodNIR Market*CityMarket2015Year20092019 Q211001150120012501300135014001450150015501600165017001750Rent in $10721757

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bunnell Elementary School Primary Regular 1,260 91 4
Buddy Taylor Middle School Middle Regular 1,005 61 4
Flagler-palm Coast High School High Regular 2,421 110 5

Bunnell Elementary School

  • Education Level: Primary
  • # of students: 1,260
  • # of teachers: 91
4
GreatSchools Rating

Buddy Taylor Middle School

  • Education Level: Middle
  • # of students: 1,005
  • # of teachers: 61
4
GreatSchools Rating

Flagler-palm Coast High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 110
5
GreatSchools Rating
 

$268,110$327,690$297,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,099
Property Tax -$417
Property Insurance -$58
Property Management Fees -$239
CASH FLOW
$837

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 6% of earned rent to cover both maintenance and periods of vacancy.

$297,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.89%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.71%
Appreciation Year (1-5) 7.71%
Maintenance Year (1-5) 3.00%
Vacancy 3.48%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,944

INVESTMENT

$78,944

Down Payment
$74,475
Rehab Estimate
$0
Closing Costs
$4,469

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,475
Loan Amount $223,425
See What Happens When You Reinvest Cash Flow

16.67

YEARS SAVED

$99,642

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

Solutions Manager

YOUR SOLUTIONS MANAGER

Please Contact Your Solutions Manager

To review the detailed price and rent comps for this property and answer any questions you may have.

PROPERTY LISTING DETAILS
Mynd
Tobin
BESbswy