New Construction Duplex Property Sold by the Indianapolis Property Team for $510k
Property Type:
Duplex
Purchase Price: $510,000
Gross Rent: $4,200
Cap Rate (year 1): 8.7
Cash Flow (year 1): $17,061
| Loan type | 75% LTV 30-year @ 6.000% with 0 Pts |
|---|---|
| Purchase Price: | $510,000 |
| Down payment: | $127,500 |
| Purchase cost: | $15,300 |
| Total cash invested: | $142,800 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $4,200 |
| Principal & interest: | $2,293 |
| Taxes: | $100 |
| HOA: | n/a |
| Insurance: | $25 |
| Property management: | n/a |
| Total monthly cost: | $2,778 |
| Monthly cashflow (year 1): | $1,422 |
| annual cashflow: | $17,061 |
