Fully Occupied Brand New Duplex in A+ Area
Yukon, OK 73099
6 bedrooms 4 bathrooms 2024 year built
3 Bdrm/2 Bath Per Side - Built in 2024
| Square Feet | 2,276 | | Initial Market Value | $432,500 | | Purchase Price | $432,500 | | Downpayment | $108,125 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $21,625 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $129,750 | | Cost per Square Foot | $190 | | Monthly Rent per Square Foot | $1.36 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $3,090 | $37,080 | | Vacancy Losses | ($247) | ($2,966) | | Operating Income | $2,843 | $34,114 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($451) | ($5,406) | | Insurance | ($137) | ($1,644) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($62) | ($742) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($649) | ($7,791) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,194 | $26,322 | | - Mortgage Payments | ($1,919) | ($23,026) | | = Cash Flow | $275 | $3,297 | | + Principal Reduction | $340 | $4,077 | | + First-Year Appreciation | $2,163 | $25,950 | | = Gross Equity Income | $2,777 | $33,324 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $324,375 | $0 | | Monthly Payment | $1,918.80 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.875% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 1.14 | | Annual Gross Rent Multiplier | 12 | | Capitalization Rate | 6.1% | | Cash on Cash Return | 3% | | Return on Investment | 26% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| Brand New Duplex in prime location in OKC Metro. These Duplexes are a rare opportunity to own a positive cash flow investment in an A+ area with good schools, in a great town and a prime location within the town of Yukon. These will go fast! |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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