New Construction Single Family Rental Property Sold by the Dallas Property Team for $155k

New Construction Single Family Rental sold by the Dallas/North Texas Property Team for 155K.

Property Type:

New Construction
Purchase Price: $155,999
Gross Rent: $1,350
Estimated Cap Rate (year 1): 7.6
Estimated Cash Flow (year 1): $2,803
2
2
771 SQ. FT
Loan type? 75% LTV 30-year @ 6.625% with 2 Pts
?Purchase Price:$155,999
Down payment:$39,000
?Purchase cost:$7,020
?Total cash invested:$46,020
?Estimated cash flow (year 1)
?Gross rent:$1,350
?Principal & interest:$749
Taxes:$207
HOA:$60
Insurance:$100
Property management:$0
Total monthly cost:$1,116
?Monthly cashflow (year 1):$234
?annual cashflow:$2,803

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$2,803$3,960$7,303$30,423
?Total equity:$49,637$99,082$179,874$895,979
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%8%10%25%
?Cash on Cash Return:6%9%16%66%
?Return on Equity:6%4%4%3%
?Internal Rate of Return (IRR):-8%19%19%16%
?Return on Investment:-8%121%352%2,604%

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