Home » Properties » New Construction Property Sold by the Columbus, GA Property Team for $259K

New Construction Property Sold by the Columbus, GA Property Team for $259K

New Construction Single Family Rental Property sold by the Columbus Property Team for $259K.

Property Type:

New Construction
Purchase Price: $259,000
Gross Rent: $1,750
Cap Rate (year 1): 7.4
Cash Flow (year 1): $5,736
3
2
1,352 SQ. FT
Loan type? 80% LTV 30-year @ 4.990% with 0 Pts
?Purchase Price:$259,000
Down payment:$51,800
?Purchase cost:$7,770
?Total cash invested:$59,570
?Estimated cash flow (year 1)
?Gross rent:$1,750
?Principal & interest:$1,111
Taxes:$65
HOA:n/a
Insurance:$96
Property management:$0
Total monthly cost:$1,272
?Monthly cashflow (year 1):$478
?annual cashflow:$5,736

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$5,736$5,262$7,197$17,174
?Total equity:$62,632$110,010$179,584$628,661
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%8%12%
?Cash on Cash Return:10%9%12%29%
?Return on Equity:9%5%4%3%
?Internal Rate of Return (IRR):-12%17%17%14%
?Return on Investment:-12%99%265%1,397%

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