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

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

Single Family Rental Sold by the Oklahoma Property Team for $241k

Property Type:

New Construction
Purchase Price: $244,500
Gross Rent: $1,740
Cap Rate (year 1): 7.0
Cash Flow (year 1): $3,646
3
2
1,200 SQ. FT
Loan type? 75% LTV 30-year @ 6.175% with 2 Pts
?Purchase Price:$244,500
Down payment:$61,125
?Purchase cost:$11,003
?Total cash invested:$72,128
?Estimated cash flow (year 1)
?Gross rent:$1,740
?Principal & interest:$1,120
Taxes:$224
HOA:n/a
Insurance:$92
Property management:$0
Total monthly cost:$1,436
?Monthly cashflow (year 1):$304
?annual cashflow:$3,646

Buy & Hold Projections

?Appreciation:
6%
?Income Increase:
4%
?Expense Increase:
2%
?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$3,646$4,926$9,368$39,732
?Total equity:$77,974$156,193$283,692$1,404,284
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%8%9%22%
?Cash on Cash Return:5%7%13%55%
?Return on Equity:5%3%3%3%
?Internal Rate of Return (IRR):-8%18%18%15%
?Return on Investment:-8%118%337%2,456%

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