$475,000
2309 E Spring Hill Dr
Goddard KS, 67052
Financial Returns
FinancingCash Flow/mo: $718
CashCash Flow/mo: $2,854
20.09%IRR
6.65%CAP Rate
5.18%Cash On Cash
$20,000Equity
Property Information
- Beds: 6
- Baths: 4
- Sq Feet: 2,910
- Year: 2025
- Monthly Rent: $3,590
- Property Taxes: $5,160
- Annual HOA: $0
Brand New Construction Duplex!
Free property management for the first two years!
$25,000 Seller Paid Closing Costs / Rate Buydown
Financial Projections
Debt (352k, 342k, 332k, 298k) Equity (135k, 145k, 155k, 189k) Appreciation (25k, 79k, 138k, 317k) Cash Positioning (9k, 29k, 54k, 136k)
Financing Assumptions
| Loan Amount | $356,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $2,136 |
Initial Investment
| Down Payment (25%) | $118,750 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $4,750 |
| Points (2%) | $7,125 |
| Total Out Of Pocket | $130,625 |
Property KPI Without Financing
| Annual Cash Flow | $34,246 |
| All In Cost | $486,875 |
| Cap Rate | 7.03% |
Property KPI With Financing
| Annual Cash Flow | $8,615 |
| Total Out Of Pocket | $130,625 |
| Cash On Cash | 6.6% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 18.88% | 18.88% | 18.88% | 18.88% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $3,590 | $43,080 | $45,704 | $48,487 | $56,210 |
| Vacancy Rate (2%) | $72 | $862 | $914 | $970 | $1,124 |
| Gross Rental Income | $3,518 | $42,218 | $44,790 | $47,517 | $55,085 |
| Expenses | |||||
| Estimated Annual Property Taxes | $430 | $5,160 | $5,474 | $5,808 | $6,733 |
| Estimated Annual Homeowners Insurance | $150 | $1,800 | $1,910 | $2,026 | $2,349 |
| Maintenance & Repairs (2%) | $70 | $844 | $896 | $950 | $1,102 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $14 | $168 | $178 | $189 | $219 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $664 | $7,972 | $8,458 | $8,973 | $10,402 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,854 | $34,246 | $36,332 | $38,544 | $44,683 |
| Net Cashflow | $34,246 | $36,332 | $38,544 | $44,683 | |
| Cap Rate | 7.03% | 7.46% | 7.92% | 9.18% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,854 | $34,246 | $36,332 | $38,544 | $44,683 |
| Mortgage | $2,136 | $25,631 | $25,631 | $25,631 | $25,631 |
| Net Cashflow | $8,615 | $10,701 | $12,913 | $19,053 | |
| Cash On Cash | 6.6% | 8.19% | 9.89% | 14.59% | |
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.