Home » Properties » Single Family Property Sold by the Cleveland, OH Property Team for $149K

Single Family Property Sold by the Cleveland, OH Property Team for $149K

Property Type:

Single Family Rental
Purchase Price: $149,900
Gross Rent: $1,400
Cap Rate (year 1): 8.3
Cash Flow (year 1): $3,558
3
1
944 SQ. FT

Loan type? 75% LTV 30-year @ 6.875% with 2 Pts
?Purchase Price:$149,900
Down payment:$37,475
?Purchase cost:$6,371
?Total cash invested:$43,846
?Estimated cash flow (year 1)
?Gross rent:$1,400
?Principal & interest:$739
Taxes:$205
HOA:n/a
Insurance:$90
Property management:$70
Total monthly cost:$1,104
?Monthly cashflow (year 1):$296
?annual cashflow:$3,558

Buy & Hold Projections

Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$3,558$4,583$5,982$13,195
?Total equity:$43,142$68,090$105,264$363,847
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%9%10%15%
?Cash on Cash Return:8%11%14%30%
?Return on Equity:8%7%6%4%
?Internal Rate of Return (IRR):-15%14%16%14%
?Return on Investment:-15%78%221%1,223%

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