New Construction Duplex Sold by the Oklahoma City Property Team for $358k

Multi Family Rental Sold by the Oklahoma Property Team for $350k

Property Type:

Duplex
Purchase Price: $358,000
Gross Rent: $2,730
Cap Rate (year 1): 7.6
Cash Flow (year 1): $7,766
6
4
2,300 SQ. FT
Loan type? 75% LTV 30-year @ 6.000% with 2 Pts
?Purchase Price:$358,000
Down payment:$89,500
?Purchase cost:$5,370
?Total cash invested:$94,870
?Estimated cash flow (year 1)
?Gross rent:$2,730
?Principal & interest:$1,610
Taxes:$358
HOA:n/a
Insurance:$115
Property management:$0
Total monthly cost:$2,083
?Monthly cashflow (year 1):$647
?annual cashflow:$7,766

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$7,766$9,797$16,797$64,596
?Total equity:$114,277$229,234$416,427$2,056,170
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%8%10%23%
?Cash on Cash Return:8%10%18%68%
?Return on Equity:7%4%4%3%
?Internal Rate of Return (IRR):5%23%21%17%
?Return on Investment:5%156%416%2,871%

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