New Construction SFR Sold by the Oklahoma City Property Team for $244k

New Construction Single Family Rental sold by the Oklahoma City property team for 244K.

Property Type:

New Construction
Purchase Price: $244,900
Gross Rent: $1,690
Cap Rate (year 1): 6.7
Cash Flow (year 1): $3,036
3
2
1,200 SQ. FT
Loan type? 75% LTV 30-year @ 6.125% with 2 Pts
?Purchase Price:$244,900
Down payment:$61,225
?Purchase cost:$11,021
?Total cash invested:$72,246
?Estimated cash flow (year 1)
?Gross rent:$1,690
?Principal & interest:$1,116
Taxes:$224
HOA:n/a
Insurance:$97
Property management:$0
Total monthly cost:$1,437
?Monthly cashflow (year 1):$253
?annual cashflow:$3,036

Buy & Hold Projections

?Appreciation:
6%
?Income Increase:
4%
?Expense Increase:
2%
?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$3,036$4,265$8,561$37,954
?Total equity:$78,122$156,551$284,359$1,406,581
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%21%
?Cash on Cash Return:4%3%3%3%
?Return on Equity:4%3%3%3%
?Internal Rate of Return (IRR):-9%17%17%15%
?Return on Investment:-9%114%328%2,411%

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