New Construction Duplex Property Sold by the Oklahoma City Property Team for $345K

okc mfr 345k

Property Type:

New Construction
Purchase Price: $345,000
Gross Rent: $2,680
Estimated Cap Rate (year 1): 7.7
Estimated Cash Flow (year 1): $6,116
4
4
2,642 SQ. FT
Loan type? 75% LTV 30-year @ 6.875% with 2 Pts
?Purchase Price:$345,000
Down payment:$8,250
?Purchase cost:$5,175
?Total cash invested:$91,425
?Estimated cash flow (year 1)
?Gross rent:$2,680
?Principal & interest:$1,700
Taxes:$345
HOA:n/a
Insurance:$126
Property management:n/a
Total monthly cost:$2,171
?Monthly cashflow (year 1):$509
?annual cashflow:$6,116

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$6,116$8,104$14,966$61,848
?Total equity:$109,642$218,451$396,460$1,981,504
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%8%10%24%
?Cash on Cash Return:7%9%16%68%
?Return on Equity:6%4%4%3%
?Internal Rate of Return (IRR):3%22%20%17%
?Return on Investment:3%146%397%2,838%

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