Home » Properties » Single Family Rental Property in Atlanta Sold by the Columbus, GA Property Team for $249k

Single Family Rental Property in Atlanta Sold by the Columbus, GA Property Team for $249k

REAL Income Property in Atlanta Sold by the Columbus, GA Property Team for $249k

?Property Type:

Single Family Rental
Purchase Price: $249,000
Gross Rent: $2,100
Cap Rate (year 1): 8.9
Cash Flow (year 1): $7,987
3
2
1,599 SQ. FT
Loan type? 75% LTV 30-year @ 6.500% with 2 Pts
?Purchase Price:$249,000
Down payment:$62,250
?Purchase cost:$6,225
?Total cash invested:$68,475
?Estimated cash flow (year 1)
?Gross rent:$2,100
?Principal & interest:$1,180
Taxes:$89
HOA:n/a
Insurance:$165
Property management:n/a
Total monthly cost:$1,434
?Monthly cashflow (year 1):$665
?annual cashflow:$7,987

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$7,987$9,658$15,191$52,725
?Total equity:$79,277$158,399$287,602$1,430,129
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%10%12%27%
?Cash on Cash Return:12%14%22%77%
?Return on Equity:10%6%5%4%
?Internal Rate of Return (IRR):4%24%23%19%
?Return on Investment:4%162%435%2,964%

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