Duplex Rental Sold by the Chattanooga Property Team for $344K
Property Type:
Duplex
Purchase Price: $344,900
Gross Rent: $3,000
Cap Rate (year 1): 9.3
Cash Flow (year 1): $12,668
| Loan type | 75% LTV 30-year @ 6.375% with 2 Pts |
|---|---|
| Purchase Price: | $344,900 |
| Down payment: | $86,225 |
| Purchase cost: | $15,521 |
| Total cash invested: | $101,746 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $3,000 |
| Principal & interest: | $1,614 |
| Taxes: | $189 |
| HOA: | n/a |
| Insurance: | $142 |
| Property management: | n/a |
| Total monthly cost: | $1,945 |
| Monthly cashflow (year 1): | $1,055 |
| annual cashflow: | $12,668 |
