Single Family Property Sold by the Cleveland, OH Property Team for $119K

cle 119k

Property Type:

Single Family Rental
Purchase Price: $119,900
Gross Rent: $1,600
Cap Rate (year 1): 13.3
Cash Flow (year 1): $9,430
2
1.5
1,520 SQ. FT
Loan type? 75% LTV 30-year @ 6.000% with 2 Pts
?Purchase Price:$119,900
Down payment:$29,975
?Purchase cost:$5,396
?Total cash invested:$35,371
?Estimated cash flow (year 1)
?Gross rent:$1,600
?Principal & interest:$539
Taxes:$128
HOA:n/a
Insurance:$67
Property management:$80
Total monthly cost:$814
?Monthly cashflow (year 1):$786
?annual cashflow:$9,430

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$9,430$10,741$12,532$21,765
?Total equity:$34,676$55,318$85,882$291,029
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):13%14%16%24%
?Cash on Cash Return:27%30%35%62%
?Return on Equity:27%19%15%8%
?Internal Rate of Return (IRR):4%32%32%30%
?Return on Investment:4%175%425%1,948%

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