New Construction Duplex Sold by the Kansas City Property Team for $485k
Property Type:
New Construction
Purchase Price: $485,000
Gross Rent: $3,390
Cap Rate (year 1): 6.9
Cash Flow (year 1): $5,289
| Loan type | 75% LTV 30-year @ 6.750% with 2 Pts |
|---|---|
| Purchase Price: | $485,000 |
| Down payment: | $121,250 |
| Purchase cost: | $12,125 |
| Total cash invested: | $133,375 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $3,390 |
| Principal & interest: | $2,359 |
| Taxes: | $430 |
| HOA: | n/a |
| Insurance: | $160 |
| Property management: | $0 |
| Total monthly cost: | $2,949 |
| Monthly cashflow (year 1): | $441 |
| annual cashflow: | $5,289 |
