Single Family Property Sold by the Cleveland, OH Property Team for $127K

cle 127k

Property Type:

Single Family Rental
Purchase Price: $127,900
Gross Rent: $1,500
Cap Rate (year 1): 11.2
Cash Flow (year 1): $7,463
3
1
1,216 SQ. FT
Loan type? 75% LTV 30-year @ 6.000% with 2 Pts
?Purchase Price:$127,900
Down payment:$31,975
?Purchase cost:$5,756
?Total cash invested:$37,731
?Estimated cash flow (year 1)
?Gross rent:$1,500
?Principal & interest:$575
Taxes:$161
HOA:n/a
Insurance:$67
Property management:$75
Total monthly cost:$878
?Monthly cashflow (year 1):$622
?annual cashflow:$7,463

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$7,463$8,648$10,265$18,607
?Total equity:$36,990$59,009$91,611$310,447
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):11%12%13%20%
?Cash on Cash Return:20%23%27%49%
?Return on Equity:20%15%11%6%
?Internal Rate of Return (IRR):-3%25%25%24%
?Return on Investment:-3%140%349%1,669%

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