Single Family Rental Property Sold by the Indianapolis Property Team for $146k
Property Type:
REAL Income Property™
Purchase Price: $146,900
Gross Rent: $1,290
Cap Rate (year 1): 8.9
Cash Flow (year 1): $4,304
| Loan type | 75% LTV 30-year @ 6.950% with 2 Pts |
|---|---|
| Purchase Price: | $146,900 |
| Down payment: | $36,725 |
| Purchase cost: | $3,673 |
| Total cash invested: | $40,398 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,290 |
| Principal & interest: | $729 |
| Taxes: | $142 |
| HOA: | n/a |
| Insurance: | $60 |
| Property management: | $0 |
| Total monthly cost: | $931 |
| Monthly cashflow (year 1): | $359 |
| annual cashflow: | $4,304 |
