Home » Properties » Single Family Property Sold by the Cleveland, OH Property Team for $139K

Single Family Property Sold by the Cleveland, OH Property Team for $139K

Property Type:

Single Family Rental
Purchase Price: $139,900
Gross Rent: $1,400
Cap Rate (year 1): 9.2
Cash Flow (year 1): $4,533
3
1
1,044 SQ. FT

Loan type? 75% LTV 30-year @ 6.875% with 2 Pts
?Purchase Price:$139,900
Down payment:$34,975
?Purchase cost:$6,296
?Total cash invested:$41,271
?Estimated cash flow (year 1)
?Gross rent:$1,400
?Principal & interest:$689
Taxes:$155
HOA:n/a
Insurance:$80
Property management:$98
Total monthly cost:$1,022
?Monthly cashflow (year 1):$378
?annual cashflow:$4,533

Buy & Hold Projections

Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,533$5,589$7,032$14,467
?Total equity:$40,264$63,548$98,242$339,574
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%10%11%16%
?Cash on Cash Return:11%14%17%35%
?Return on Equity:11%9%7%4%
?Internal Rate of Return (IRR):-12%16%18%16%
?Return on Investment:-12%92%250%1,331%

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