Home » Properties » New Construction Single Family Rental Property Sold by the Dallas Property Team for $214k

New Construction Single Family Rental Property Sold by the Dallas Property Team for $214k

New Construction Single Family Rental Property sold by the Dallas/North Texas Property Team for $214K.

Property Type:

Single Family Rental
Purchase Price: $214,990
Gross Rent: $1,800
Cap Rate (year 1): 8.7
Cash Flow (year 1): $9,135
3
2
1,434 SQ. FT
Loan type? 75% LTV 7/6 ARM @ 4.250% with 0 Pts
?Purchase Price:$214,990
Down payment:$53,748
?Purchase cost:$2,150
?Total cash invested:$55,898
?Estimated cash flow (year 1)
?Gross rent:$1,800
?Principal & interest:$793
Taxes:$86
HOA:$60
Insurance:$100
Property management:$0
Total monthly cost:$1,039
?Monthly cashflow (year 1):$761
?annual cashflow:$9,135

Buy & Hold Projections

?Appreciation:
6%
?Income Increase:
4%
?Expense Increase:
2%
?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$9,135$5,617$10,405$42,931
?Total equity:$69,365$141,285$256,918$1,234,793
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%7%9%24%
?Cash on Cash Return:16%10%19%77%
?Return on Equity:13%4%4%4%
?Internal Rate of Return (IRR):16%25%22%18%
?Return on Investment:16%170%441%3,006%

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