Multi Family Property Sold by the Indianapolis, IN Property Team for $265K

Multi Family Rental property sold by the Indianapolis team for 265K.

Property Type:

Duplex
Purchase Price: $265,000
Gross Rent: $2,550
Cap Rate (year 1): 9.6
Cash Flow (year 1): $11,201
4
3
2,240 SQ. FT
Loan type? 75% LTV 30-year @ 6.000% with 2 Pts
?Purchase Price:$265,000
Down payment:$66,250
?Purchase cost:$6,625
?Total cash invested:$72,875
?Estimated cash flow (year 1)
?Gross rent:$2,550
?Principal & interest:$1,192
Taxes:$305
HOA:n/a
Insurance:$120
Property management:n/a
Total monthly cost:$1,617
?Monthly cashflow (year 1):$933
?annual cashflow:$11,201

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$11,201$9,990$12,519$25,551
?Total equity:$76,641$122,262$189,813$643,225
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):10%9%10%15%
?Cash on Cash Return:15%14%17%35%
?Return on Equity:15%8%7%4%
?Internal Rate of Return (IRR):-2%19%19%17%
?Return on Investment:-2%109%276%1,394%

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