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Single Family Rental Property Sold by the Alabama Property Team for $280k

New Construction SFR Property sold by the Alabama Property Team for 280K.

Property Type:

New Construction
Purchase Price: $280,000
Gross Rent: $1,900
Cap Rate (year 1): 6.8
Cash Flow (year 1): $4,662
4
2
1,583 SQ. FT
Loan type? 75% LTV 30-year @ 5.500% with 0 Pts
?Purchase Price:$280,000
Down payment:$70,000
?Purchase cost:$8,400
?Total cash invested:$78,400
?Estimated cash flow (year 1)
?Gross rent:$1,900
?Principal & interest:$1,192
Taxes:$258
HOA:n/a
Insurance:$61
Property management:n/a
Total monthly cost:$1,511
?Monthly cashflow (year 1):$389
?annual cashflow:$4,662

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$4,662$4,005$5,912$15,737
?Total equity:$81,229$130,430$202,961$679,633
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):7%7%7%11%
?Cash on Cash Return:6%5%8%20%
?Return on Equity:6%3%3%2%
?Internal Rate of Return (IRR):-13%11%13%11%
?Return on Investment:-13%65%187%1,045%

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