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New Construction Duplex Sold by the Kansas City Property Team for $475k

Duplex Sold by the Kansas City Property Team for $485k

Property Type:

New Construction
Purchase Price: $475,000
Gross Rent: $3,390
Cap Rate (year 1): 7.2
Cash Flow (year 1): $12,419
6
4
2,940 SQ. FT
Loan type? 75% LTV 7/6 ARM @ 4.500% with 0 Pts
?Purchase Price:$475,000
Down payment:$118,750
?Purchase cost:$14,250
?Total cash invested:$133,000
?Estimated cash flow (year 1)
?Gross rent:$3,390
?Principal & interest:$1,805
Taxes:$410
HOA:n/a
Insurance:$140
Property management:$0
Total monthly cost:$2,355
?Monthly cashflow (year 1):$1,035
?annual cashflow:$12,419

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$12,419$10,377$14,032$32,880
?Total equity:$138,747$225,905$353,041$1,152,950
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%8%12%
?Cash on Cash Return:9%8%11%25%
?Return on Equity:9%5%4%3%
?Internal Rate of Return (IRR):-8%14%15%13%
?Return on Investment:-8%83%221%1,150%

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