Home » Properties » New Construction SFR Property Sold by the San Antonio Property Team for $299k

New Construction SFR Property Sold by the San Antonio Property Team for $299k

New Construction Single Family Turnkey Rental Property sold by the San Antonio Property Team for $325K.

Property Type:

Single Family Rental
Purchase Price: $299,000
Gross Rent: $2,199
Cap Rate (year 1): 6.5
Cash Flow (year 1): $6,978
3
2.5
3,000 SQ. FT
Loan type? 75% LTV 10/6 ARM @ 3.750% with 0 Pts
?Purchase Price:$299,000
Down payment:$74,750
?Purchase cost:$8,970
?Total cash invested:$83,720
?Estimated cash flow (year 1)
?Gross rent:$2,199
?Principal & interest:$1,039
Taxes:$429
HOA:$50
Insurance:$100
Property management:$0
Total monthly cost:$1,618
?Monthly cashflow (year 1):$581
?annual cashflow:$6,978

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$6,978$8,418$13,788$50,910
?Total equity:$96,813$198,131$360,297$1,717,304
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%9%21%
?Cash on Cash Return:8%10%17%61%
?Return on Equity:7%4%4%3%
?Internal Rate of Return (IRR):1%23%21%17%
?Return on Investment:1%153%406%2,676%

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