Home » Properties » New Construction SFR Sold by the Kansas City Property Team for $237k

New Construction SFR Sold by the Kansas City Property Team for $237k

New Construction Single Family Turnkey Rental Property sold by the Kansas City Property Team for $237K.

Property Type:

New Construction
Purchase Price: $237,500
Gross Rent: $1,695
Cap Rate (year 1): 7.2
Cash Flow (year 1): $6,210
3
2
1,470 SQ. FT
Loan type? 75% LTV 7/1 ARM @ 4.500% with 0 Pts
?Purchase Price:$237,500
Down payment:$59,375
?Purchase cost:$7,125
?Total cash invested:$66,500
?Estimated cash flow (year 1)
?Gross rent:$1,695
?Principal & interest:$903
Taxes:$205
HOA:n/a
Insurance:$70
Property management:$0
Total monthly cost:$1,178
?Monthly cashflow (year 1):$517
?annual cashflow:$6,210

Buy & Hold Projections

?Appreciation:
3%
?Income Increase:
2%
?Expense Increase:
2%
?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$6,210$5,198$7,026$16,449
?Total equity:$69,374$112,953$176,521$576,475
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%8%12%
?Cash on Cash Return:9%8%11%25%
?Return on Equity:9%5%4%3%
?Internal Rate of Return (IRR):-8%14%15%13%
?Return on Investment:-8%83%221%1,150%

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