New Construction SFR Rental Property Sold by the Alabama Property Team for $286k

New Construction Single family rental sold by the Alabama team for 286K

Property Type:

New Construction
Purchase Price: $286,000
Gross Rent: $1,900
Cap Rate (year 1): 6.2
Cash Flow (year 1): $3,134
3
2
1,740 SQ. FT
Loan type? 75% LTV 30-year @ 5.500% with 0 Pts
?Purchase Price:$286,000
Down payment:$71,500
?Purchase cost:$8,580
?Total cash invested:$80,080
?Estimated cash flow (year 1)
?Gross rent:$1,900
?Principal & interest:$1,218
Taxes:$268
HOA:n/a
Insurance:$58
Property management:$95
Total monthly cost:$1,639
?Monthly cashflow (year 1):$261
?annual cashflow:$3,134

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$3,134$4,597$6,597$16,905
?Total equity:$82,970$133,224$207,310$694,197
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%2%
?Internal Rate of Return (IRR):-15%11%13%11%
?Return on Investment:-15%66%190%1,067%

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