New Construction SFR Sold by the Kansas City Property Team for $450k

New Construction Single family rental sold by the Kansas City team for 450K

Property Type:

Duplex
Purchase Price: $450,000
Gross Rent: $3,095
Cap Rate (year 1): 6.7
Cash Flow (year 1): $8,439
4
3
1,947 SQ. FT
Loan type? 75% LTV 7/6 ARM @ 5.000% with 0 Pts
?Purchase Price:$450,000
Down payment:$112,500
?Purchase cost:$13,500
?Total cash invested:$126,000
?Estimated cash flow (year 1)
?Gross rent:$3,095
?Principal & interest:$1,812
Taxes:$500
HOA:n/a
Insurance:$80
Property management:$0
Total monthly cost:$2,392
?Monthly cashflow (year 1):$703
?annual cashflow:$8,439

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$8,439$8,707$12,107$29,634
?Total equity:$130,979$211,751$330,233$1,092,268
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%8%11%
?Cash on Cash Return:7%7%10%24%
?Return on Equity:6%4%4%3%
?Internal Rate of Return (IRR):-11%12%14%12%
?Return on Investment:-11%72%204%1,115%

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