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 |
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Purchase Price: | $585,000 |
Down payment: | $146,250 |
Purchase cost: | $17,550 |
Total cash invested: | $163,800 |
Estimated cash flow (year 1) | |
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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 |