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Single Family Rental Sold by the Cleveland Property Team for $125K

Single Family Turnkey Rental Property sold by the Cleveland, Ohio Property Team for $125K.

Property Type:

Single Family Rental
Purchase Price: $125,000
Gross Rent: $1,400
Cap Rate (year 1): 10.3
Cash Flow (year 1): $5,943
3
1
1,200 SQ. FT
Loan type? 75% LTV 30-year @ 6.250% with 2 Pts
?Purchase Price:$125,000
Down payment:$31,250
?Purchase cost:$5,625
?Total cash invested:$36,875
?Estimated cash flow (year 1)
?Gross rent:$1,400
?Principal & interest:$577
Taxes:$163
HOA:n/a
Insurance:$67
Property management:$98
Total monthly cost:$905
?Monthly cashflow (year 1):$495
?annual cashflow:$5,943

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$5,943$7,004$8,454$15,929
?Total equity:$36,099$57,405$89,017$303,408
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):10%11%12%18%
?Cash on Cash Return:16%19%23%43%
?Return on Equity:17%12%10%5%
?Internal Rate of Return (IRR):-7%22%22%20%
?Return on Investment:-7%120%308%1,526%

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