Home » Properties » Single Family Rental Property Sold by the Columbus, GA Property Team for $192K

Single Family Rental Property Sold by the Columbus, GA Property Team for $192K

Single Family Rental Property sold by the Columbus Property Team for $192K.

Property Type:

Single Family Rental
Purchase Price: $192,000
Gross Rent: $1,650
Cap Rate (year 1): 9.3
Cash Flow (year 1): $7,256
4
2
1,438 SQ. FT
Loan type? 75% LTV 30-year @ 6.225% with 2 Pts
?Purchase Price:$192,000
Down payment:$48,000
?Purchase cost:$8,640
?Total cash invested:$56,640
?Estimated cash flow (year 1)
?Gross rent:$1,650
?Principal & interest:$884
Taxes:$65
HOA:n/a
Insurance:$96
Property management:$0
Total monthly cost:$1,045
?Monthly cashflow (year 1):$605
?annual cashflow:$7,256

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$7,256$6,800$8,612$17,954
?Total equity:$55,455$88,216$136,808$466,034
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%9%10%15%
?Cash on Cash Return:13%12%15%32%
?Return on Equity:13%8%6%4%
?Internal Rate of Return (IRR):-10%17%18%16%
?Return on Investment:-10%93%244%1,270%

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