Duplex Sold by the Cleveland Property Team for $170K
Property Type:
Duplex
Purchase Price: $170,000
Gross Rent: $1,700
Cap Rate (year 1): 8.7
Cash Flow (year 1): $5,319
| Loan type | 75% LTV 30-year @ 6.375% with 2 Pts |
|---|---|
| Purchase Price: | $170,000 |
| Down payment: | $42,500 |
| Purchase cost: | $7,650 |
| Total cash invested: | $50,150 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,700 |
| Principal & interest: | $795 |
| Taxes: | $234 |
| HOA: | n/a |
| Insurance: | $92 |
| Property management: | $136 |
| Total monthly cost: | $1,256 |
| Monthly cashflow (year 1): | $444 |
| annual cashflow: | $5,319 |
