New Construction SFR Sold by the Kansas City Property Team for $397k

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

Property Type:

Duplex
Purchase Price: $397,500
Gross Rent: $2,595
Cap Rate (year 1): 6.4
Cash Flow (year 1): $6,355
3
2
1,541 SQ. FT
Loan type? 75% LTV 7/6 ARM @ 5.000% with 0 Pts
?Purchase Price:$397,500
Down payment:$99,375
?Purchase cost:$11,925
?Total cash invested:$111,300
?Estimated cash flow (year 1)
?Gross rent:$2,595
?Principal & interest:$1,600
Taxes:$400
HOA:n/a
Insurance:$65
Property management:$0
Total monthly cost:$2,065
?Monthly cashflow (year 1):$530
?annual cashflow:$6,355

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$6,355$4,557$7,261$21,201
?Total equity:$115,698$187,047$291,706$964,837
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%6%7%10%
?Cash on Cash Return:6%4%7%19%
?Return on Equity:6%2%2%2%
?Internal Rate of Return (IRR):-12%11%12%11%
?Return on Investment:-12%63%180%1,016%

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