New Construction Single Family Rental Property Sold by the Dallas Property Team for $235k
Property Type:
Single Family Rental
Purchase Price: $235,999
Gross Rent: $1,825
Cap Rate (year 1): 8.3
Cash Flow (year 1): $6,029
| Loan type | 75% LTV 30-year @ 6.600% with 2 Pts |
|---|---|
| Purchase Price: | $235,999 |
| Down payment: | $59,000 |
| Purchase cost: | $10,620 |
| Total cash invested: | $69,620 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,825 |
| Principal & interest: | $1,130 |
| Taxes: | $92 |
| HOA: | n/a |
| Insurance: | $100 |
| Property management: | $0 |
| Total monthly cost: | $1,322 |
| Monthly cashflow (year 1): | $503 |
| annual cashflow: | $6,029 |
