New Construction Duplex Sold by the Oklahoma City Property Team for $350k

Property Type:
Duplex
Purchase Price: $350,000
Gross Rent: $2,600
Cap Rate (year 1): 7.3
Cash Flow (year 1): $6,480
Loan type | 75% LTV 30-year @ 6.125% with 2 Pts |
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Purchase Price: | $350,000 |
Down payment: | $87,500 |
Purchase cost: | $12,250 |
Total cash invested: | $99,750 |
Estimated cash flow (year 1) | |
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Gross rent: | $2,600 |
Principal & interest: | $1,595 |
Taxes: | $350 |
HOA: | n/a |
Insurance: | $115 |
Property management: | $0 |
Total monthly cost: | $2,060 |
Monthly cashflow (year 1): | $540 |
annual cashflow: | $6,480 |