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Duplex Sold by Alabama Property Team for $338K

A multi-family investment property in Huntsville, Alabama.

?Property Type:

Duplex
Purchase Price: $338,000
Gross Rent: $2,500
Cap Rate (year 1): 7.1
Cash Flow (year 1): $5,421
6
3
2,412 SQ. FT
Loan type? 80% LTV 30-year @ 5.500% with 0 Pts
?Purchase Price:$338,000
Down payment:$67,600
?Purchase cost:$10,140
?Total cash invested:$77,740
?Estimated cash flow (year 1)
?Gross rent:$2,500
?Principal & interest:$1,535
Taxes:$166
HOA:n/a
Insurance:$122
Property management:$225
Total monthly cost:$2,048
?Monthly cashflow (year 1):$452
?annual cashflow:$5,421

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$5,421$7,387$10,073$23,921
?Total equity:$81,383$141,822$231,053$820,415
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%8%8%13%
?Cash on Cash Return:7%10%13%31%
?Return on Equity:7%5%4%3%
?Internal Rate of Return (IRR):n/an/an/an/a
?Return on Investment:-15%93%261%1,425%

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