New Construction Single Family Rental Sold by the Birmingham Property Team for $270k
Property Type:
New Construction
Purchase Price: $270,000
Gross Rent: $1,800
Cap Rate (year 1): 6.4
Cash Flow (year 1): $4,648
| Loan type | 75% LTV 30-year @ 5.250% with 0 Pts |
|---|---|
| Purchase Price: | $270,000 |
| Down payment: | $81,000 |
| Purchase cost: | $8,100 |
| Total cash invested: | $89,100 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,800 |
| Principal & interest: | $1,044 |
| Taxes: | $157 |
| HOA: | n/a |
| Insurance: | $68 |
| Property management: | $144 |
| Total monthly cost: | $1,413 |
| Monthly cashflow (year 1): | $387 |
| annual cashflow: | $4,648 |
