Multi-Family Property Sold by the Oklahoma City Property Team for $334K

Multi family rental new construction duplex sold by the Oklahoma City team for 334K.

Property Type:

Multi Family Rental
Purchase Price: $334,000
Gross Rent: $2,500
Cap Rate (year 1): 7.4
Cash Flow (year 1): $6,662
4
4
2,000 SQ. FT
Loan type? 75% LTV 30-year @ 6.000% with 2 Pts
?Purchase Price:$334,000
Down payment:$83,500
?Purchase cost:$6,680
?Total cash invested:$90,180
?Estimated cash flow (year 1)
?Gross rent:$2,500
?Principal & interest:$1,502
Taxes:$109
HOA:n/a
Insurance:$334
Property management:n/a
Total monthly cost:$1,945
?Monthly cashflow (year 1):$555
?annual cashflow:$6,662

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$6,662$8,512$14,908$58,612
?Total equity:$106,616$213,866$388,510$1,918,326
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%8%10%23%
?Cash on Cash Return:7%9%17%65%
?Return on Equity:6%4%4%3%
?Internal Rate of Return (IRR):2%22%20%17%
?Return on Investment:2%148%400%2,783%

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