Single Family Rental Sold by the Cleveland Property Team for $154K
Property Type:
Single Family Rental
Purchase Price: $154,900
Gross Rent: $1,450
Cap Rate (year 1): 8.4
Cash Flow (year 1): $4,251
| Loan type | 75% LTV 30-year @ 6.375% with 2 Pts |
|---|---|
| Purchase Price: | $154,900 |
| Down payment: | $38,725 |
| Purchase cost: | $6,971 |
| Total cash invested: | $45,696 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,450 |
| Principal & interest: | $725 |
| Taxes: | $189 |
| HOA: | n/a |
| Insurance: | $66 |
| Property management: | $116 |
| Total monthly cost: | $1,096 |
| Monthly cashflow (year 1): | $354 |
| annual cashflow: | $4,251 |
