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

New Construction SFR Rental Property sold by the Oklahoma City Property Team for $244K.

Property Type:

New Construction
Purchase Price: $244,500
Gross Rent: $1,690
Cap Rate (year 1): 6.7
Cash Flow (year 1): $2,760
3
2
1,200 SQ. FT
Loan type? 75% LTV 30-year @ 6.375% 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:$1,690
?Principal & interest:$1,144
Taxes:$224
HOA:n/a
Insurance:$92
Property management:$0
Total monthly cost:$1,460
?Monthly cashflow (year 1):$230
?annual cashflow:$2,760

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$2,760$3,994$8,297$37,724
?Total equity:$77,894$155,786$282,894$1,404,284
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%21%
?Cash on Cash Return:4%6%12%52%
?Return on Equity:4%3%3%3%
?Internal Rate of Return (IRR):-10%17%17%14%
?Return on Investment:-10%111%323%2,401%

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