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ecartar.com/investments/riverside-apartments
Riverside Apartments — 24 units — 1420 Riverside Dr, Jacksonville, FL
1.38
DSCR
72%
LTV
6.95%
Cap Rate
9.2%
Cash-on-Cash
Purchase price$2,850,000
Current value$3,120,000
Annual NOI$198,000
Monthly cash flow$4,542
Annual debt service$143,500
Vacancy5.2%
AI Analysis · Max
Strong fundamentals with above-market cap rate. DSCR at 1.38 provides comfortable debt coverage. Consider lease staggering to reduce vacancy concentration risk in units 12-16.
Above-market returns Strong DSCR Vacancy risk
Cash flow analysis — Riverside Apartments
MonthlyAnnualYear 5Year 10Year 15
Gross rental income$34,800$417,600$470,211$529,482$596,239
Vacancy loss-$1,810-$21,715-$24,451-$27,533-$31,004
Effective gross income$32,990$395,885$445,760$501,949$565,235
Operating expenses-$6,500-$78,000-$86,141-$95,136-$105,069
Net operating income$16,500$198,000$240,670$304,752$372,918
Debt service-$11,958-$143,500-$143,500-$143,500-$143,500
Cash flow$4,542$54,500$97,170$161,252$229,418
Operating expense breakdown — Riverside Apartments
ExpenseMonthlyAnnual% of Revenue
Property management$2,784$33,4088.0%
Property taxes$1,583$19,0004.5%
Insurance$708$8,5002.0%
Maintenance & repairs$850$10,2002.4%
Utilities$375$4,5001.1%
Landscaping$200$2,4000.6%
Total OpEx$6,500$78,00818.7%
Expense ratio breakdown
Management42.8%
Taxes24.4%
Insurance10.9%
Maintenance13.1%
Other8.8%
15-year projection — 4% appreciation, 2.5% expense growth, 3% rent escalation
YearProperty ValueNOICash FlowEquityCumulative Return
1$2,964,000$198,000$54,500$920,4006.8%
2$3,082,560$207,900$64,400$1,051,76214.9%
3$3,205,862$218,295$74,795$1,192,68424.3%
5$3,467,440$240,670$97,170$1,507,44046.6%
7$3,750,614$265,138$121,638$1,860,61473.2%
10$4,219,253$304,752$161,252$2,421,253118.5%
15$5,132,866$372,918$229,418$3,566,866207.4%
Y1Y5Y10Y15
Total value
$14.2M
+6.3%
Total equity
$5.8M
+12.1%
Annual NOI
$892K
+4.7%
Cash flow / mo
$38.4K
+2.1%
Equity growth — all properties
Oak St DuplexDSCR 0.94
Riverside AptsDSCR 1.18
9 properties healthy
AI Portfolio Analysis · Max
Portfolio performing 8% above Jacksonville market averages on cash-on-cash return. Two properties with DSCR below 1.2 warrant review. Strong diversification across 4 asset classes partially offsets geographic concentration risk.

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