New Construction SFR Property Sold by the SW Florida Property Team for $349k
Property Type:
New Construction
Purchase Price: $349,900
Gross Rent: $2,400
Cap Rate (year 1): 6.8
Cash Flow (year 1): $4,054
| Loan type | 75% LTV 30-year @ 6.375% with 0 Pts |
|---|---|
| Purchase Price: | $349,900 |
| Down payment: | $87,475 |
| Purchase cost: | $10,497 |
| Total cash invested: | $97,972 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,400 |
| Principal & interest: | $1,637 |
| Taxes: | $333 |
| HOA: | n/a |
| Insurance: | $92 |
| Property management: | $0 |
| Total monthly cost: | $2,062 |
| Monthly cashflow (year 1): | $338 |
| annual cashflow: | $4,054 |
