New Construction Duplex Sold by the Indianapolis Property Team for $499K

New Construction Multi-Family property sold by the Indianapolis property team for 499k.

Property Type:

Duplex
Purchase Price: $499,900
Gross Rent: $3,675
Cap Rate (year 1): 8.1
Cash Flow (year 1): $16,923
6
5
2,088 SQ. FT
Loan type? 75% LTV 30-year @ 4.750% with 2 Pts
?Purchase Price:$499,900
Down payment:$124,975
?Purchase cost:$22,496
?Total cash invested:$147,471
?Estimated cash flow (year 1)
?Gross rent:$3,675
?Principal & interest:$1,956
Taxes:$199
HOA:n/a
Insurance:$110
Property management:$0
Total monthly cost:$2,265
?Monthly cashflow (year 1):$1,410
?annual cashflow:$16,923

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$16,923$20,252$20,587$41,996
?Total equity:$145,757$236,471$369,175$1,213,389
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%9%9%13%
?Cash on Cash Return:12%14%14%29%
?Return on Equity:12%9%6%4%
?Internal Rate of Return (IRR):-11%18%18%15%
?Return on Investment:-11%100%250%1,223%

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