New Construction Duplex Sold by the Oklahoma City Property Team for $320k
Property Type:
New Construction
Purchase Price: $320,000
Gross Rent: $2,400
Cap Rate (year 1): 7.4
Cash Flow (year 1): $5,034
| Loan type | 75% LTV 30-year @ 6.750% with 2 Pts |
|---|---|
| Purchase Price: | $320,000 |
| Down payment: | $80,000 |
| Purchase cost: | $11,200 |
| Total cash invested: | $91,200 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,400 |
| Principal & interest: | $1,557 |
| Taxes: | $320 |
| HOA: | n/a |
| Insurance: | $104 |
| Property management: | $0 |
| Total monthly cost: | $1,981 |
| Monthly cashflow (year 1): | $419 |
| annual cashflow: | $5,034 |
