New Construction SFR Sold by the Oklahoma City Property Team for $314k

New Construction Single Family Rental sold by the Oklahoma City Property Team for 314K.

Property Type:

New Construction
Purchase Price: $314,500
Gross Rent: $2,075
Cap Rate (year 1): 6.1
Cash Flow (year 1): $2,038
4
2
1,789 SQ. FT
Loan type? 75% LTV 30-year @ 6.125% with 2 Pts
?Purchase Price:$314,500
Down payment:$78,625
?Purchase cost:$14,153
?Total cash invested:$92,778
?Estimated cash flow (year 1)
?Gross rent:$2,075
?Principal & interest:$1,433
Taxes:$367
HOA:n/a
Insurance:$105
Property management:$0
Total monthly cost:$1,905
?Monthly cashflow (year 1):$170
?annual cashflow:$2,038

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$2,038$3,470$8,638$44,185
?Total equity:$100,325$201,044$365,173$1,806,328
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%7%8%20%
?Cash on Cash Return:2%4%9%48%
?Return on Equity:2%2%2%2%
?Internal Rate of Return (IRR):-11%16%16%14%
?Return on Investment:-11%103%306%2,316%

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