New Construction Single Family Rental Property Sold by the Dallas Property Team for $227k
Property Type:
Single Family Rental
Purchase Price: $227,799
Gross Rent: $1,800
Cap Rate (year 1): 8.5
Cash Flow (year 1): $7,002
| Loan type | 75% LTV 30-year @ 6.000% with 2 Pts |
|---|---|
| Purchase Price: | $227,799 |
| Down payment: | $56,950 |
| Purchase cost: | $10,251 |
| Total cash invested: | $67,201 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,800 |
| Principal & interest: | $1,024 |
| Taxes: | $92 |
| HOA: | n/a |
| Insurance: | $100 |
| Property management: | $0 |
| Total monthly cost: | $1,216 |
| Monthly cashflow (year 1): | $584 |
| annual cashflow: | $7,002 |
