New Construction Duplex Sold by the Kansas City Property Team for $447k
Property Type:
New Construction
Purchase Price: $447,500
Gross Rent: $3,290
Cap Rate (year 1): 7.3
Cash Flow (year 1): $6,518
| Loan type | 75% LTV 30-year @ 6.750% with 2 Pts |
|---|---|
| Purchase Price: | $447,500 |
| Down payment: | $111,875 |
| Purchase cost: | $11,188 |
| Total cash invested: | $123,063 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $3,290 |
| Principal & interest: | $2,177 |
| Taxes: | $420 |
| HOA: | n/a |
| Insurance: | $150 |
| Property management: | $0 |
| Total monthly cost: | $2,747 |
| Monthly cashflow (year 1): | $543 |
| annual cashflow: | $6,518 |
