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Single Family Rental Sold by the Cleveland Property Team for $159K

Single Family Turnkey Rental Property sold by the Cleveland, Ohio Property Team for $159K.

Property Type:

Single Family Rental
Purchase Price: $159,900
Gross Rent: $1,600
Cap Rate (year 1): 8.2
Cash Flow (year 1): $4,281
3
1
1,348 SQ. FT
Loan type? 75% LTV 30-year @ 6.250% with 2 Pts
?Purchase Price:$159,900
Down payment:$39,975
?Purchase cost:$7,196
?Total cash invested:$47,171
?Estimated cash flow (year 1)
?Gross rent:$1,600
?Principal & interest:$738
Taxes:$326
HOA:n/a
Insurance:$67
Property management:$112
Total monthly cost:$1,243
?Monthly cashflow (year 1):$357
?annual cashflow:$4,281

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,281$5,364$6,844$14,476
?Total equity:$46,177$73,433$113,870$388,119
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%9%10%15%
?Cash on Cash Return:9%11%15%31%
?Return on Equity:9%7%6%4%
?Internal Rate of Return (IRR):-14%15%16%15%
?Return on Investment:-14%83%231%1,240%

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