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New Construction Duplex Sold by the Oklahoma City Property Team for $450k

Multi Family Property Rental Property sold by the Oklahoma Property Team for $450K.

Property Type:

New Construction
Purchase Price: $450,000
Gross Rent: $3,100
Cap Rate (year 1): 6.7
Cash Flow (year 1): $4,997
6
4
2,400 SQ. FT
Loan type? 75% LTV 30-year @ 6.375% with 2 Pts
?Purchase Price:$450,000
Down payment:$112,500
?Purchase cost:$20,250
?Total cash invested:$132,750
?Estimated cash flow (year 1)
?Gross rent:$3,100
?Principal & interest:$2,106
Taxes:$450
HOA:n/a
Insurance:$128
Property management:$0
Total monthly cost:$2,684
?Monthly cashflow (year 1):$416
?annual cashflow:$4,997

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,997$7,263$15,155$69,148
?Total equity:$143,363$286,723$520,664$2,584,571
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%21%
?Cash on Cash Return:4%6%11%52%
?Return on Equity:4%3%3%3%
?Internal Rate of Return (IRR):-10%17%17%14%
?Return on Investment:-10%111%322%2,398%

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