Duplex Rental Sold by the Cleveland Property Team for $219K
Property Type:
Duplex
Purchase Price: $219,900
Gross Rent: $2,100
Cap Rate (year 1): 8.4
Cash Flow (year 1): $6,700
| Loan type | 75% LTV 30-year @ 6.000% with 0 Pts |
|---|---|
| Purchase Price: | $219,900 |
| Down payment: | $54,975 |
| Purchase cost: | $6,597 |
| Total cash invested: | $61,572 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,100 |
| Principal & interest: | $989 |
| Taxes: | $314 |
| HOA: | n/a |
| Insurance: | $92 |
| Property management: | $147 |
| Total monthly cost: | $1,542 |
| Monthly cashflow (year 1): | $558 |
| annual cashflow: | $6,700 |
