New Construction Duplex Property Sold by the Dallas Property Team for $379k
Property Type:
Duplex
Purchase Price: $379,900
Gross Rent: $2,800
Cap Rate (year 1): 8.1
Cash Flow (year 1): $8,308
| Loan type | 75% LTV 30-year @ 6.850% with 2 Pts |
|---|---|
| Purchase Price: | $379,900 |
| Down payment: | $94,975 |
| Purchase cost: | $17,096 |
| Total cash invested: | $112,071 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,800 |
| Principal & interest: | $1,867 |
| Taxes: | $61 |
| HOA: | n/a |
| Insurance: | $180 |
| Property management: | $0 |
| Total monthly cost: | $2,108 |
| Monthly cashflow (year 1): | $692 |
| annual cashflow: | $8,308 |
