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Duplex Sold by Chattanooga Property Team for $342K

REAL Income Duplex Rental Property sold by the Chattanooga Property Team for $342K.

Property Type:

Duplex
Purchase Price: $342,000
Gross Rent: $2,750
Cap Rate (year 1): 8.8
Cash Flow (year 1): $10,989
4
2
1,734 SQ. FT
Loan type? 75% LTV 30-year @ 6.375% with 2 Pts
?Purchase Price:$342,000
Down payment:$85,500
?Purchase cost:$10,260
?Total cash invested:$95,760
?Estimated cash flow (year 1)
?Gross rent:$2,750
?Principal & interest:$1,600
Taxes:$67
HOA:n/a
Insurance:$167
Property management:n/a
Total monthly cost:$1,834
?Monthly cashflow (year 1):$916
?annual cashflow:$10,989

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$10,989$11,438$14,839$32,373
?Total equity:$98,696$156,708$242,854$830,124
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%9%10%15%
?Cash on Cash Return:12%12%16%34%
?Return on Equity:11%7%6%4%
?Internal Rate of Return (IRR):-8%17%17%15%
?Return on Investment:-8%94%250%1,331%

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