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Multi Family Property Sold by the Cleveland, OH Property Team for $350K

Multi family rental property sold by the Cleveland, Ohio property team for 350K

Property Type:

Fourplex
Purchase Price: $350,000
Gross Rent: $4,200
Estimated Cap Rate (year 1): 10.8
Estimated Cash Flow (year 1): $18,393
9
4
2,784 SQ. FT
Loan type? 75% LTV 30-year @ 6.250% with 2 Pts
?Purchase Price:$350,000
Down payment:$87,500
?Purchase cost:$13,125
?Total cash invested:$100,625
?Estimated cash flow (year 1)
?Gross rent:$4,200
?Principal & interest:$1,616
Taxes:$601
HOA:n/a
Insurance:$240
Property management:$210
Total monthly cost:$2,667
?Monthly cashflow (year 1):$1,533
?annual cashflow:$18,393

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$18,393$21,508$25,765$47,712
?Total equity:$101,076$160,736$249,247$849,542
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):11%12%13%19%
?Cash on Cash Return:18%21%26%47%
?Return on Equity:18%13%10%6%
?Internal Rate of Return (IRR):-3%24%24%22%
?Return on Investment:-3%135%338%1,639%

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