Home » Properties » Single Family Rental Sold by Chattanooga Property Team for $360K

Single Family Rental Sold by Chattanooga Property Team for $360K

REAL Income SFR Rental Property sold by the Chattanooga Property Team for $360K.

Property Type:

Single Family Rental
Purchase Price: $360,000
Gross Rent: $3,200
Cap Rate (year 1): 9.5
Cash Flow (year 1): $13,903
4
3.5
3,130 SQ. FT
Loan type? 75% LTV 30-year @ 6.375% with 2 Pts
?Purchase Price:$360,000
Down payment:$90,000
?Purchase cost:$16,200
?Total cash invested:$106,200
?Estimated cash flow (year 1)
?Gross rent:$3,200
?Principal & interest:$1,684
Taxes:$124
HOA:n/a
Insurance:$108
Property management:$125
Total monthly cost:$2,041
?Monthly cashflow (year 1):$1,159
?annual cashflow:$13,903

Buy & Hold Projections

Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$13,903$16,714$20,559$40,372
?Total equity:$103,890$164,956$255,637$873,814
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):10%10%11%17%
?Cash on Cash Return:13%16%19%38%
?Return on Equity:13%10%8%5%
?Internal Rate of Return (IRR):-10%19%20%18%
?Return on Investment:-10%104%275%1,406%

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