New Construction Duplex Sold by the Kansas City Property Team for $417k
Property Type:
New Construction
Purchase Price: $417,500
Gross Rent: $3,190
Cap Rate (year 1): 7.6
Cash Flow (year 1): $7,429
| Loan type | 75% LTV 30-year @ 6.750% with 2 Pts |
|---|---|
| Purchase Price: | $417,500 |
| Down payment: | $104,375 |
| Purchase cost: | $10,438 |
| Total cash invested: | $114,813 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $3,190 |
| Principal & interest: | $2,031 |
| Taxes: | $400 |
| HOA: | n/a |
| Insurance: | $140 |
| Property management: | $0 |
| Total monthly cost: | $2,571 |
| Monthly cashflow (year 1): | $619 |
| annual cashflow: | $7,429 |
