New Construction Single Family Property Sold by the Columbus, GA Property Team for $269K

Single Family Property Rental Property sold by the Columbus Property Team for $259K.

Property Type:

New Construction
Purchase Price: $269,995
Gross Rent: $1,850
Cap Rate (year 1): 7.0
Cash Flow (year 1): $4,223
3
2.5
1,516 SQ. FT
Loan type? 75% LTV 30-year @ 6.000% with 2 Pts
?Purchase Price:$269,995
Down payment:$67,499
?Purchase cost:$6,750
?Total cash invested:$74,249
?Estimated cash flow (year 1)
?Gross rent:$1,850
?Principal & interest:$1,214
Taxes:$188
HOA:n/a
Insurance:$96
Property management:$0
Total monthly cost:$1,498
?Monthly cashflow (year 1):$352
?annual cashflow:$4,223

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,223$3,609$5,501$15,255
?Total equity:$78,086$124,567$193,391$655,349
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%7%11%
?Cash on Cash Return:6%5%7%11%
?Return on Equity:5%3%3%2%
?Internal Rate of Return (IRR):-12%12%13%11%
?Return on Investment:-12%68%188%1,064%

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