Multi Family Fourplex Rental Sold by the Cleveland Property Team for $515K
Property Type:
Fourplex
Purchase Price: $515,000
Gross Rent: $4,600
Cap Rate (year 1): 8.0
Cash Flow (year 1): $12,352
| Loan type | 75% LTV 30-year @ 6.375% with 2 Pts |
|---|---|
| Purchase Price: | $515,000 |
| Down payment: | $128,750 |
| Purchase cost: | $23,175 |
| Total cash invested: | $151,925 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $4,600 |
| Principal & interest: | $2,410 |
| Taxes: | $560 |
| HOA: | n/a |
| Insurance: | $233 |
| Property management: | $368 |
| Total monthly cost: | $3,571 |
| Monthly cashflow (year 1): | $1,029 |
| annual cashflow: | $12,352 |
