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“Rule of 72 Special” for JWB Deal of the Week…Ends Friday

July 13, 2011

By Gregg Cohen

When I was growing up, my dad would always talk to me about the Rule of 72.  Its a quick way to figure out how long it will take your investment dollars to double at different rates of return.  For example, it will take 12 years for your money to double if you are earning a 6% return.  It will take 8 years for your money to double if you are earning a 9% return.

Well in honor of my dad's love of the Rule of 72, we're running a "Rule of 72 Special" for a JWB Real Estate Capital deal that has just recently been rented out.

Here are the details on the deal (assuming the buyer putting down 20%):

Property Address: 9216 Wilton Ave W, Jacksonville, FL 32208
Beds / Baths / Sq Ft: 4 beds / 2 baths / 1,401 sq ft
Purchase Price: $72,000
Initial Investment (Down Payment & Closing Costs): $18,720
Currently Rented For: $950
Monthly Cash Flow: $321
Cash-on-Cash Return: 20.6%

So, how many years does it take to double your money when you are earning 20.6%?  That's just under 3.5 years….not too shabby!

 

Rule of 72 Special

Put this property under contract by Friday, July 8th and get $720 off closing costs! 

 

For questions and to put this property under contract call our office at (904) 677-6777 and speak with one of our Investment Advisors today!

By Gregg Cohen

I am a co-founder at JWB Real Estate Capital, and I love to talk about investing in rental properties! You’ll often find me here contributing to our blog and in our Facebook group connecting with the community & sharing insights.

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