New Construction Duplex Sold by Indianapolis Property Team for $449K

Property Type:
Duplex
Purchase Price: $449,900
Gross Rent: $3,200
Cap Rate (year 1): 7.3
Cash Flow (year 1): $8,736
Loan type | 75% LTV 30-year @ 6.000% with 0 Pts |
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Purchase Price: | $449,900 |
Down payment: | $112,475 |
Purchase cost: | $13,497 |
Total cash invested: | $125,972 |
Estimated cash flow (year 1) | |
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Gross rent: | $3,200 |
Principal & interest: | $2,023 |
Taxes: | $179 |
HOA: | $160 |
Insurance: | $110 |
Property management: | n/a |
Total monthly cost: | $2,472 |
Monthly cashflow (year 1): | $728 |
annual cashflow: | $8,736 |