Home » Properties » New Construction SFR Sold by the Kansas City Property Team for $242k

New Construction SFR Sold by the Kansas City Property Team for $242k

Single Family Rental Sold by the Kansas City Property Team for $242k

Property Type:

New Construction
Purchase Price: $242,500
Gross Rent: $1,795
Cap Rate (year 1): 7.4
Cash Flow (year 1): $7,002
3
2
1,456 SQ. FT
Loan type? 75% LTV 7/1 ARM @ 4.500% with 0 Pts
?Purchase Price:$242,500
Down payment:$60,625
?Purchase cost:$7,275
?Total cash invested:$67,900
?Estimated cash flow (year 1)
?Gross rent:$1,795
?Principal & interest:$922
Taxes:$215
HOA:n/a
Insurance:$75
Property management:$0
Total monthly cost:$1,212
?Monthly cashflow (year 1):$583
?annual cashflow:$7,002

Buy & Hold Projections

?Appreciation:
3%
?Income Increase:
2%
?Expense Increase:
2%
?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$7,002$6,010$7,947$17,936
?Total equity:$70,834$115,331$180,237$588,611
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%8%12%
?Cash on Cash Return:10%9%12%26%
?Return on Equity:10%5%4%3%
?Internal Rate of Return (IRR):-7%15%16%13%
?Return on Investment:-7%88%232%1,189%

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