Single Family Rental Property Sold by the Birmingham Property Team for $164k
Property Type:
REAL Income Property™
Purchase Price: $164,900
Gross Rent: $1,365
Cap Rate (year 1): 6.8
Cash Flow (year 1): $1,727
| Loan type | 75% LTV 30-year @ 6.675% with 2 Pts |
|---|---|
| Purchase Price: | $164,900 |
| Down payment: | $41,225 |
| Purchase cost: | $7,421 |
| Total cash invested: | $48,646 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,365 |
| Principal & interest: | $796 |
| Taxes: | $151 |
| HOA: | n/a |
| Insurance: | $137 |
| Property management: | $0 |
| Total monthly cost: | $1,221 |
| Monthly cashflow (year 1): | $144 |
| annual cashflow: | $1,727 |
