New Construction SFR Sold by the Kansas City Property Team for $397k

New Construction Single family rental sold by the Kansas City team for 450K

Property Type:

New Construction
Purchase Price: $397,500
Gross Rent: $2,595
Estimated Cap Rate (year 1): 6.4
Estimated Cash Flow (year 1): $8,180
3
2
1,541 SQ. FT
Loan type? 75% LTV 7/6 ARM @ 4.000% with 0 Pts
?Purchase Price:$397,500
Down payment:$99,375
?Purchase cost:$11,925
?Total cash invested:$111,300
?Estimated cash flow (year 1)
?Gross rent:$2,595
?Principal & interest:$1,423
Taxes:$400
HOA:n/a
Insurance:$90
Property management:$0
Total monthly cost:$1,913
?Monthly cashflow (year 1):$682
?annual cashflow:$8,180

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$8,180$6,694$9,399$23,346
?Total equity:$116,550$191,164$299,332$964,837
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%6%7%10%
?Cash on Cash Return:7%6%8%21%
?Return on Equity:7%4%3%2%
?Internal Rate of Return (IRR):-10%13%14%12%
?Return on Investment:-10%76%206%1,073%

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