Multi-Family Property Sold by the Oklahoma City Property Team for $363K

Multi Family Rental Sold by the Oklahoma Property Team for $363k

Property Type:

Multi Family Rental
Purchase Price: $363,500
Gross Rent: $2,660
Estimated Cap Rate (year 1): 7.2
Estimated Cash Flow (year 1): $4,747
6
4
2,300 SQ. FT
Loan type? 75% LTV 30-year @ 6.875% with 2 Pts
?Purchase Price:$363,500
Down payment:$90,875
?Purchase cost:$5,453
?Total cash invested:$96,328
?Estimated cash flow (year 1)
?Gross rent:$2,660
?Principal & interest:$1,791
Taxes:$364
HOA:n/a
Insurance:$110
Property management:n/a
Total monthly cost:$2,264
?Monthly cashflow (year 1):$396
?annual cashflow:$4,747

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,747$6,713$13,515$60,002
?Total equity:$115,522$230,165$417,719$2,087,759
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%8%10%22%
?Cash on Cash Return:5%7%14%62%
?Return on Equity:4%3%3%3%
?Internal Rate of Return (IRR):1%20%19%16%
?Return on Investment:1%137%377%2,744%

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