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Single Family Rental Property Sold by the Alabama Property Team for $287k

New Construction Single Family Rental Property sold by the Alabama Property Team for $287K.

Property Type:

New Construction
Purchase Price: $287,000
Gross Rent: $1,875
Cap Rate (year 1): 6.4
Cash Flow (year 1): $3,653
4
2
1,673 SQ. FT
Loan type? 75% LTV 30-year @ 5.500% with 0 Pts
?Purchase Price:$287,000
Down payment:$71,750
?Purchase cost:$8,610
?Total cash invested:$80,360
?Estimated cash flow (year 1)
?Gross rent:$1,875
?Principal & interest:$1,222
Taxes:$196
HOA:n/a
Insurance:$59
Property management:$94
Total monthly cost:$1,570
?Monthly cashflow (year 1):$305
?annual cashflow:$3,653

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$3,653$5,164$7,229$17,876
?Total equity:$83,260$133,691$208,035$696,624
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):6%7%8%11%
?Cash on Cash Return:5%6%9%22%
?Return on Equity:4%4%4%3%
?Internal Rate of Return (IRR):-14%12%13%12%
?Return on Investment:-14%69%197%1,092%

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