New Construction Duplex Rental Property Sold by the Dallas Property Team for $365k
Property Type:
Duplex
Purchase Price: $365,000
Gross Rent: $2,900
Cap Rate (year 1): 8.9
Cash Flow (year 1): $11,576
| Loan type | 75% LTV 30-year @ 6.600% with 2 Pts |
|---|---|
| Purchase Price: | $365,000 |
| Down payment: | $91,250 |
| Purchase cost: | $16,425 |
| Total cash invested: | $107,675 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,900 |
| Principal & interest: | $1,748 |
| Taxes: | $7 |
| HOA: | n/a |
| Insurance: | $180 |
| Property management: | $0 |
| Total monthly cost: | $1,935 |
| Monthly cashflow (year 1): | $965 |
| annual cashflow: | $11,576 |
