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SOLD
Brand New Duplex in Chickasha-Fully leased
Chickasha, OK 73018
4bd • 4ba • Built: 2025
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
Chickasha, OK 73018
4bd • 4ba • Built: 2025
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $30,000 | $30,900 | $31,827 | $32,782 | $33,765 | $34,778 | $35,822 | $36,896 | $38,003 | $39,143 |
| Vacancy Losses | ($2,400) | ($2,472) | ($2,546) | ($2,623) | ($2,701) | ($2,782) | ($2,866) | ($2,952) | ($3,040) | ($3,131) |
| Operating Income | $27,600 | $28,428 | $29,281 | $30,159 | $31,064 | $31,996 | $32,956 | $33,945 | $34,963 | $36,012 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($4,094) | ($4,217) | ($4,343) | ($4,473) | ($4,608) | ($4,746) | ($4,888) | ($5,035) | ($5,186) | ($5,341) |
| Insurance | ($1,277) | ($1,316) | ($1,355) | ($1,396) | ($1,438) | ($1,481) | ($1,525) | ($1,571) | ($1,618) | ($1,667) |
| 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 | ($600) | ($618) | ($637) | ($656) | ($675) | ($696) | ($716) | ($738) | ($760) | ($783) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($5,971) | ($6,150) | ($6,335) | ($6,525) | ($6,720) | ($6,922) | ($7,130) | ($7,344) | ($7,564) | ($7,791) |
| 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 | $21,629 | $22,278 | $22,946 | $23,635 | $24,344 | $25,074 | $25,826 | $26,601 | $27,399 | $28,221 |
| - Mortgage Payments | ($17,909) | ($17,909) | ($17,909) | ($17,909) | ($17,909) | ($17,909) | ($17,909) | ($17,909) | ($17,909) | ($17,909) |
| = Cash Flow | $3,720 | $4,369 | $5,037 | $5,725 | $6,434 | $7,165 | $7,917 | $8,692 | $9,490 | $10,312 |
| + Principal Reduction | $2,947 | $3,132 | $3,330 | $3,539 | $3,762 | $3,999 | $4,251 | $4,519 | $4,804 | $5,106 |
| + Appreciation | $19,650 | $20,829 | $22,079 | $23,403 | $24,808 | $26,296 | $27,874 | $29,546 | $31,319 | $33,198 |
| = Gross Equity Income | $26,316 | $28,330 | $30,445 | $32,668 | $35,004 | $37,460 | $40,042 | $42,757 | $45,613 | $48,616 |
| Capitalization Rate | 6.2% | 6.1% | 5.9% | 5.7% | 5.6% | 5.4% | 5.2% | 5.1% | 5.0% | 4.8% |
| Cash on Cash Return | 3.8% | 4.4% | 5.1% | 5.8% | 6.5% | 7.3% | 8.1% | 8.8% | 9.7% | 10.5% |
| Return on Equity | 25.2% | 22.1% | 19.8% | 18.1% | 16.7% | 15.6% | 14.7% | 14.0% | 13.3% | 12.8% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $347,150 | $367,979 | $390,058 | $413,461 | $438,269 | $464,565 | $492,439 | $521,985 | $553,304 | $586,503 |
| - Loan Balance | ($242,678) | ($239,546) | ($236,217) | ($232,678) | ($228,915) | ($224,916) | ($220,665) | ($216,146) | ($211,342) | ($206,236) |
| = Equity | $104,472 | $128,433 | $153,841 | $180,784 | $209,354 | $239,649 | $271,774 | $305,839 | $341,962 | $380,267 |
| Loan-to-Value Ratio | 69.9% | 65.1% | 60.6% | 56.3% | 52.2% | 48.4% | 44.8% | 41.4% | 38.2% | 35.2% |
| Potential Cash-Out Refi | $17,684 | $36,438 | $56,327 | $77,418 | $99,786 | $123,508 | $148,664 | $175,343 | $203,636 | $233,641 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $104,472 | $128,433 | $153,841 | $180,784 | $209,354 | $239,649 | $271,774 | $305,839 | $341,962 | $380,267 |
| - Closing Costs | ($24,301) | ($25,759) | ($27,304) | ($28,942) | ($30,679) | ($32,520) | ($34,471) | ($36,539) | ($38,731) | ($41,055) |
| = Proceeds After Sale | $80,171 | $102,674 | $126,537 | $151,841 | $178,675 | $207,129 | $237,303 | $269,300 | $303,231 | $339,212 |
| + Cumulative Cash Flow | $3,720 | $8,088 | $13,125 | $18,851 | $25,285 | $32,450 | $40,366 | $49,058 | $58,548 | $68,859 |
| - Approximate Cash Invested | ($98,250) | ($98,250) | ($98,250) | ($98,250) | ($98,250) | ($98,250) | ($98,250) | ($98,250) | ($98,250) | ($98,250) |
| = Net Profit | ($14,359) | $12,513 | $41,412 | $72,442 | $105,710 | $141,329 | $179,420 | $220,109 | $263,529 | $309,821 |
| Internal Rate of Return | -14.6% | 6.3% | 12.9% | 15.5% | 16.7% | 17.2% | 17.3% | 17.3% | 17.2% | 17.0% |
| Return on Investment | -14.6% | 12.7% | 42.1% | 73.7% | 107.6% | 143.8% | 182.6% | 224.0% | 268.2% | 315.3% |
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