New Construction SFR Property Sold by the Birmingham Property Team for $265k

New Construction SFR Property sold by the Birmingham Property Team for 265K.

Property Type:

New Construction
Purchase Price: $265,000
Gross Rent: $1,850
Cap Rate (year 1): 6.2
Cash Flow (year 1): $3,061
3
2
1,549 SQ. FT
Loan type? 75% LTV 30-year @ 5.375% with 0 Pts
?Purchase Price:$265,000
Down payment:$66,250
?Purchase cost:$7,950
?Total cash invested:$74,200
?Estimated cash flow (year 1)
?Gross rent:$1,850
?Principal & interest:$1,113
Taxes:$217
HOA:n/a
Insurance:$117
Property management:$148
Total monthly cost:$1,595
?Monthly cashflow (year 1):$255
?annual cashflow:$3,061

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$3,061$4,414$6,264$15,798
?Total equity:$76,939$123,749$192,673$643,225
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%7%7%11%
?Cash on Cash Return:4%6%8%21%
?Return on Equity:4%4%3%3%
?Internal Rate of Return (IRR):-14%12%13%11%
?Return on Investment:-14%67%193%1,072%

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