Home » Properties » New Construction Duplex Sold by the Oklahoma City Property Team for $358k

New Construction Duplex Sold by the Oklahoma City Property Team for $358k

Multi Family Rental Sold by the Oklahoma Property Team for $350k

Property Type:

Duplex
Purchase Price: $358,000
Gross Rent: $2,660
Cap Rate (year 1): 7.3
Cash Flow (year 1): $6,143
6
4
2,300 SQ. FT
Loan type? 75% LTV 30-year @ 6.375% with 2 Pts
?Purchase Price:$358,000
Down payment:$89,500
?Purchase cost:$16,110
?Total cash invested:$105,610
?Estimated cash flow (year 1)
?Gross rent:$2,660
?Principal & interest:$1,675
Taxes:$358
HOA:n/a
Insurance:$115
Property management:$0
Total monthly cost:$2,148
?Monthly cashflow (year 1):$512
?annual cashflow:$6,143

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$6,143$8,110$14,913$61,402
?Total equity:$114,053$228,104$414,217$2,056,170
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%8%10%23%
?Cash on Cash Return:6%8%14%58%
?Return on Equity:5%4%4%3%
?Internal Rate of Return (IRR):-8%19%18%16%
?Return on Investment:-8%121%345%2,506%

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