New Construction Duplex Property Sold by the Dallas Property Team for $385k
Property Type:
Multi Family Rental
Purchase Price: $385,000
Gross Rent: $2,900
Cap Rate (year 1): 7.2
Cash Flow (year 1): $5,791
| Loan type | 75% LTV 30-year @ 6.500% with 2 Pts |
|---|---|
| Purchase Price: | $385,000 |
| Down payment: | $96,250 |
| Purchase cost: | $17,325 |
| Total cash invested: | $113,575 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,900 |
| Principal & interest: | $1,825 |
| Taxes: | $412 |
| HOA: | n/a |
| Insurance: | $180 |
| Property management: | $0 |
| Total monthly cost: | $2,417 |
| Monthly cashflow (year 1): | $483 |
| annual cashflow: | $5,791 |
