Multi-Family Property Sold by the Indianapolis, IN Property Team for $454K

Ind 454k

Property Type:

Duplex
Purchase Price: $454,900
Gross Rent: $3,350
Cap Rate (year 1): 7.6
Cash Flow (year 1): $10,172
6
5
2,768 SQ. FT
Loan type? 75% LTV 30-year @ 5.990% with 0 Pts
?Purchase Price:$454,900
Down payment:$113,725
?Purchase cost:$13,647
?Total cash invested:$127,372
?Estimated cash flow (year 1)
?Gross rent:$3,350
?Principal & interest:$2,043
Taxes:$179
HOA:$170
Insurance:$110
Property management:n/a
Total monthly cost:$2,502
?Monthly cashflow (year 1):$848
?annual cashflow:$10,172

Buy & Hold Projections

?Appreciation:
3%
?Income Increase:
2%
?Expense Increase:
2%
?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$10,172$13,032$13,097$31,376
?Total equity:$131,569$209,915$325,910$1,104,162
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%8%8%12%
?Cash on Cash Return:8%10%10%25%
?Return on Equity:8%6%4%3%
?Internal Rate of Return (IRR):-11%15%15%13%
?Return on Investment:-11%86%218%1,153%

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