New Construction Duplex Property Sold by the San Antonio Property Team for $585k
Property Type:
Duplex
Purchase Price: $585,000
Gross Rent: $3,700
Cap Rate (year 1): 5.8
Cash Flow (year 1): $9,601
| Loan type | 75% LTV 10/6 ARM @ 3.750% with 0 Pts |
|---|---|
| Purchase Price: | $585,000 |
| Down payment: | $146,250 |
| Purchase cost: | $17,550 |
| Total cash invested: | $163,800 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $3,700 |
| Principal & interest: | $2,032 |
| Taxes: | $718 |
| HOA: | $50 |
| Insurance: | $100 |
| Property management: | n/a |
| Total monthly cost: | $2,900 |
| Monthly cashflow (year 1): | $800 |
| annual cashflow: | $9,601 |
