Duplex Rental Property Sold by the Columbus, GA Property Team for $265K

cin mfr 265k

Property Type:

Duplex
Purchase Price: $265,000
Gross Rent: $2,400
Estimated Cap Rate (year 1): 9.7
Estimated Cash Flow (year 1): $9,805
4
3
2,052 SQ. FT
Loan type? 75% LTV 30-year @ 6.990% 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:$2,400
?Principal & interest:$1,321
Taxes:$166
HOA:n/a
Insurance:$96
Property management:n/a
Total monthly cost:$1,583
?Monthly cashflow (year 1):$817
?annual cashflow:$9,805

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$9,805$9,114$11,712$25,107
?Total equity:$76,223$120,141$185,626$643,225
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):10%9%10%16%
?Cash on Cash Return:14%13%16%35%
?Return on Equity:13%8%6%4%
?Internal Rate of Return (IRR):-4%18%19%16%
?Return on Investment:-4%103%262%1,368%

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