Rental Resale Duplex Property Sold by the Cincinnati, OH Property Team for $183k

Duplex rental property sold by the Cincinnati property team for 183K.

Property Type:

Duplex
Purchase Price: $183,900
Gross Rent: $2,250
Cap Rate (year 1): 10.1
Cash Flow (year 1): $8,483
4
3
2,056 SQ. FT
Loan type? 75% LTV 30-year @ 6.125% with 2 Pts
?Purchase Price:$183,900
Down payment:$45,975
?Purchase cost:$8,276
?Total cash invested:$54,251
?Estimated cash flow (year 1)
?Gross rent:$2,250
?Principal & interest:$838
Taxes:$450
HOA:n/a
Insurance:$75
Property management:$180
Total monthly cost:$1,543
?Monthly cashflow (year 1):$707
?annual cashflow:$8,483

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$8,483$10,012$12,100$22,867
?Total equity:$53,147$84,649$131,339$446,374
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):10%11%12%18%
?Cash on Cash Return:16%19%22%42%
?Return on Equity:16%12%9%5%
?Internal Rate of Return (IRR):-7%21%22%20%
?Return on Investment:-7%118%304%1,504%

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