New Construction Duplex Property Sold by the Indianapolis Property Team for $499k
Property Type:
Duplex
Purchase Price: $499,900
Gross Rent: $3,400
Cap Rate (year 1): 7.4
Cash Flow (year 1): $10,147
| Loan type | 75% LTV 30-year @ 5.990% with 0 Pts |
|---|---|
| Purchase Price: | $499,900 |
| Down payment: | $124,975 |
| Purchase cost: | $14,997 |
| Total cash invested: | $139,972 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $3,400 |
| Principal & interest: | $2,245 |
| Taxes: | $199 |
| HOA: | n/a |
| Insurance: | $110 |
| Property management: | $0 |
| Total monthly cost: | $2,554 |
| Monthly cashflow (year 1): | $846 |
| annual cashflow: | $10,147 |
