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Multi Family Property Sold by the Cleveland, OH Property Team for $240K

Multi family rental property sold by the Cleveland, Ohio property team

Property Type:

Fourplex
Purchase Price: $240,000
Gross Rent: $2,620
Estimated Cap Rate (year 1): 10.9
Estimated Cash Flow (year 1): $12,888
8
4
4,052 SQ. FT
Loan type? 75% LTV 30-year @ 6.250% with 2 Pts
?Purchase Price:$240,000
Down payment:$60,000
?Purchase cost:$9,000
?Total cash invested:$69,000
?Estimated cash flow (year 1)
?Gross rent:$2,620
?Principal & interest:$1,108
Taxes:$215
HOA:n/a
Insurance:$92
Property management:$131
Total monthly cost:$1,546
?Monthly cashflow (year 1):$1,074
?annual cashflow:$12,888

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$12,888$15,046$17,996$33,204
?Total equity:$69,309$110,219$170,912$582,543
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):11%12%13%19%
?Cash on Cash Return:19%22%26%48%
?Return on Equity:19%14%11%6%
?Internal Rate of Return (IRR):-2%24%25%23%
?Return on Investment:-2%137%343%1,655%

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