New Construction SFR Property Sold by the Birmingham Property Team for $261k
Property Type:
Single Family Rental
Purchase Price: $243,000
Gross Rent: $1,590
Cap Rate (year 1): 6.8
Cash Flow (year 1): $2,011
| Loan type | 75% LTV 30-year @ 6.950% with 2 Pts |
|---|---|
| Purchase Price: | $243,000 |
| Down payment: | $60,750 |
| Purchase cost: | $7,290 |
| Total cash invested: | $68,040 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,590 |
| Principal & interest: | $1,206 |
| Taxes: | $151 |
| HOA: | n/a |
| Insurance: | $65 |
| Property management: | n/a |
| Total monthly cost: | $1,422 |
| Monthly cashflow (year 1): | $168 |
| annual cashflow: | $2,011 |
