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New Construction Duplex Property Sold by the Indianapolis Property Team for $454k

New Construction MFR Rental Property sold by the Indianapolis Property Team for $454K.

Property Type:

Duplex
Purchase Price: $454,900
Gross Rent: $3,250
Cap Rate (year 1): 7.4
Cash Flow (year 1): $11,539
6
5
2,768 SQ. FT
Loan type? 75% LTV 30-year @ 4.990% 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:$3,250
?Principal & interest:$1,829
Taxes:$179
HOA:$170
Insurance:$110
Property management:$0
Total monthly cost:$2,288
?Monthly cashflow (year 1):$962
?annual cashflow:$11,539

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$11,539$10,923$14,344$31,982
?Total equity:$132,415$214,102$333,913$1,104,162
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%8%12%
?Cash on Cash Return:9%9%11%25%
?Return on Equity:9%5%4%3%
?Internal Rate of Return (IRR):-9%15%15%13%
?Return on Investment:-9%84%225%1,168%

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