Home » Properties » Single Family Rental Sold by Chattanooga Property Team for $227K

Single Family Rental Sold by Chattanooga Property Team for $227K

REAL Income SFR Rental Property sold by the Chattanooga Property Team for $227K.

Property Type:

Single Family Rental
Purchase Price: $227,500
Gross Rent: $1,775
Cap Rate (year 1): 8.6
Cash Flow (year 1): $6,822
3
2
1,536 SQ. FT
Loan type? 75% LTV 30-year @ 6.375% with 2 Pts
?Purchase Price:$227,500
Down payment:$56,875
?Purchase cost:$6,825
?Total cash invested:$63,700
?Estimated cash flow (year 1)
?Gross rent:$1,775
?Principal & interest:$1,064
Taxes:$50
HOA:n/a
Insurance:$92
Property management:n/a
Total monthly cost:$1,206
?Monthly cashflow (year 1):$569
?annual cashflow:$6,822

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$6,822$7,238$9,445$20,824
?Total equity:$65,653$104,243$161,548$552,202
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%9%10%15%
?Cash on Cash Return:11%11%15%33%
?Return on Equity:10%7%6%4%
?Internal Rate of Return (IRR):-8%16%17%15%
?Return on Investment:-8%91%244%1,307%

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