Home » Properties » New Construction Duplex Sold by the Oklahoma City Property Team for $565k

New Construction Duplex Sold by the Oklahoma City Property Team for $565k

New Construction MFR Rental Property sold by the Oklahoma City Property Team for $550K.

Property Type:

Duplex
Purchase Price: $565,000
Gross Rent: $3,900
Cap Rate (year 1): 6.6
Cash Flow (year 1): $5,478
6
5
3,354 SQ. FT
Loan type? 75% LTV 30-year @ 6.375% with 2 Pts
?Purchase Price:$565,000
Down payment:$141,250
?Purchase cost:$25,425
?Total cash invested:$166,675
?Estimated cash flow (year 1)
?Gross rent:$3,900
?Principal & interest:$2,644
Taxes:$593
HOA:$50
Insurance:$157
Property management:$0
Total monthly cost:$3,444
?Monthly cashflow (year 1):$456
?annual cashflow:$5,478

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$5,478$8,256$18,088$85,509
?Total equity:$180,000$359,996$653,724$3,245,073
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%21%
?Cash on Cash Return:3%5%11%51%
?Return on Equity:3%2%3%3%
?Internal Rate of Return (IRR):-10%16%17%14%
?Return on Investment:-10%106%315%2,377%

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