Single Family Rental Property Sold by the Dallas Property Team for $230k

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Property Type:

New Construction
Purchase Price: $230,990
Gross Rent: $1,875
Cap Rate (year 1): 8.5
Cash Flow (year 1): $9,700
4
2
1,572 SQ. FT
Loan type? 75% LTV 7/6 ARM @ 3.990% with 0 Pts
?Purchase Price:$230,990
Down payment:$57,748
?Purchase cost:$6,930
?Total cash invested:$64,678
?Estimated cash flow (year 1)
?Gross rent:$1,875
?Principal & interest:$826
Taxes:$81
HOA:$60
Insurance:$100
Property management:$0
Total monthly cost:$1,067
?Monthly cashflow (year 1):$808
?annual cashflow:$9,700

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$9,700$6,844$11,851$45,839
?Total equity:$74,663$152,449$277,227$1,326,689
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%7%9%24%
?Cash on Cash Return:15%11%18%71%
?Return on Equity:13%5%4%4%
?Internal Rate of Return (IRR):8%24%22%18%
?Return on Investment:8%156%415%2,802%

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