Brand New Duplex in A+ Area-Fully Rented!!
Oklahoma
6bd • 4ba • Built: 2024
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $36,000 | $37,080 | $38,192 | $39,338 | $40,518 | $41,734 | $42,986 | $44,275 | $45,604 | $46,972 |
| Vacancy Losses | ($2,880) | ($2,966) | ($3,055) | ($3,147) | ($3,241) | ($3,339) | ($3,439) | ($3,542) | ($3,648) | ($3,758) |
| Operating Income | $33,120 | $34,114 | $35,137 | $36,191 | $37,277 | $38,395 | $39,547 | $40,733 | $41,955 | $43,214 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($6,055) | ($6,279) | ($6,511) | ($6,752) | ($7,002) | ($7,261) | ($7,530) | ($7,808) | ($8,097) | ($8,397) |
| Insurance | ($1,644) | ($1,704) | ($1,767) | ($1,833) | ($1,901) | ($1,971) | ($2,044) | ($2,119) | ($2,198) | ($2,279) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($720) | ($747) | ($774) | ($803) | ($833) | ($863) | ($895) | ($929) | ($963) | ($998) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($8,419) | ($8,730) | ($9,053) | ($9,388) | ($9,735) | ($10,096) | ($10,469) | ($10,856) | ($11,258) | ($11,675) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $24,702 | $25,384 | $26,084 | $26,803 | $27,542 | $28,300 | $29,078 | $29,877 | $30,697 | $31,539 |
| - Mortgage Payments | ($24,924) | ($24,924) | ($24,924) | ($24,924) | ($24,924) | ($24,924) | ($24,924) | ($24,924) | ($24,924) | ($24,924) |
| = Cash Flow | ($223) | $459 | $1,160 | $1,879 | $2,617 | $3,376 | $4,154 | $4,953 | $5,773 | $6,615 |
| + Principal Reduction | $3,541 | $3,782 | $4,041 | $4,317 | $4,611 | $4,926 | $5,263 | $5,622 | $6,006 | $6,417 |
| + Appreciation | $21,625 | $22,706 | $23,842 | $25,034 | $26,285 | $27,600 | $28,980 | $30,429 | $31,950 | $33,547 |
| = Gross Equity Income | $24,943 | $26,948 | $29,042 | $31,229 | $33,514 | $35,901 | $38,396 | $41,004 | $43,729 | $46,579 |
| Capitalization Rate | 5.4% | 5.3% | 5.2% | 5.1% | 5.0% | 4.9% | 4.8% | 4.7% | 4.6% | 4.5% |
| Cash on Cash Return | -0.2% | 0.3% | 0.9% | 1.4% | 1.9% | 2.5% | 3.1% | 3.7% | 4.3% | 4.9% |
| Return on Equity | 18.7% | 16.9% | 15.5% | 14.4% | 13.5% | 12.8% | 12.2% | 11.7% | 11.3% | 10.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $454,125 | $476,831 | $500,673 | $525,706 | $551,992 | $579,591 | $608,571 | $638,999 | $670,949 | $704,497 |
| - Loan Balance | ($320,834) | ($317,052) | ($313,012) | ($308,695) | ($304,084) | ($299,157) | ($293,894) | ($288,272) | ($282,266) | ($275,849) |
| = Equity | $133,291 | $159,779 | $187,661 | $217,012 | $247,908 | $280,434 | $314,677 | $350,727 | $388,684 | $428,648 |
| Loan-to-Value Ratio | 70.6% | 66.5% | 62.5% | 58.7% | 55.1% | 51.6% | 48.3% | 45.1% | 42.1% | 39.2% |
| Potential Cash-Out Refi | $19,759 | $40,571 | $62,493 | $85,585 | $109,910 | $135,536 | $162,534 | $190,978 | $220,946 | $252,524 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $133,291 | $159,779 | $187,661 | $217,012 | $247,908 | $280,434 | $314,677 | $350,727 | $388,684 | $428,648 |
| - Closing Costs | ($31,789) | ($33,378) | ($35,047) | ($36,799) | ($38,639) | ($40,571) | ($42,600) | ($44,730) | ($46,966) | ($49,315) |
| = Proceeds After Sale | $101,502 | $126,401 | $152,614 | $180,212 | $209,269 | $239,863 | $272,077 | $305,998 | $341,717 | $379,333 |
| + Cumulative Cash Flow | ($223) | $237 | $1,397 | $3,276 | $5,893 | $9,269 | $13,423 | $18,375 | $24,149 | $30,764 |
| - Approximate Cash Invested | ($134,616) | ($134,616) | ($134,616) | ($134,616) | ($134,616) | ($134,616) | ($134,616) | ($134,616) | ($134,616) | ($134,616) |
| = Net Profit | ($33,336) | ($7,978) | $19,395 | $48,872 | $80,546 | $114,516 | $150,884 | $189,757 | $231,250 | $275,481 |
| Internal Rate of Return | -24.8% | -3.0% | 4.6% | 8.1% | 9.9% | 10.9% | 11.5% | 11.8% | 12.0% | 12.1% |
| Return on Investment | -24.8% | -5.9% | 14.4% | 36.3% | 59.8% | 85.1% | 112.1% | 141.0% | 171.8% | 204.6% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.