Multi Family Rental Sold by the Cleveland Property Team for $450K
Property Type:
REAL Income Property™
Purchase Price: $450,000
Gross Rent: $4,182
Cap Rate (year 1): 7.8
Cash Flow (year 1): $9,513
| Loan type | 75% LTV 30-year @ 6.500% with 2 Pts |
|---|---|
| Purchase Price: | $450,000 |
| Down payment: | $112,500 |
| Purchase cost: | $20,250 |
| Total cash invested: | $132,750 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $4,182 |
| Principal & interest: | $2,133 |
| Taxes: | $671 |
| HOA: | n/a |
| Insurance: | $250 |
| Property management: | $335 |
| Total monthly cost: | $3,389 |
| Monthly cashflow (year 1): | $793 |
| annual cashflow: | $9,513 |
