REAL Income SFR Rental Property Sold by the Alabama/Chattanooga Property Team for $218k

REAL Income single family rental sold by the Alabama / Chattanooga property team for 218K.

Property Type:

REAL Income Property™
Purchase Price: $218,500
Gross Rent: $1,655
Cap Rate (year 1): 7.1
Cash Flow (year 1): $4,385
3
2
1,162 SQ. FT
Loan type? 75% LTV 30-year @ 5.500% with 0 Pts
?Purchase Price:$218,500
Down payment:$54,625
?Purchase cost:$6,555
?Total cash invested:$61,180
?Estimated cash flow (year 1)
?Gross rent:$1,655
?Principal & interest:$930
Taxes:$122
HOA:n/a
Insurance:$154
Property management:$83
Total monthly cost:$1,289
?Monthly cashflow (year 1):$366
?annual cashflow:$4,385

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,385$5,666$7,419$16,449
?Total equity:$63,388$101,781$158,382$530,357
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%8%9%13%
?Cash on Cash Return:7%9%12%27%
?Return on Equity:7%6%5%3%
?Internal Rate of Return (IRR):-11%14%15%13%
?Return on Investment:-11%83%226%1,199%

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