Single Family Rental Property Sold by the Cincinnati, OH Property Team for $110k

A rental resale single family rental property sold by the Cincinnati property team for 113k

Property Type:

Rental Resales
Purchase Price: $113,500
Gross Rent: $1,075
Estimated Cap Rate (year 1): 8.5
Estimated Cash Flow (year 1): $2,877
3
1.5
1,460 SQ. FT
Loan type? 75% LTV 30-year @ 6.990% with 2 Pts
?Purchase Price:$113,500
Down payment:$28,375
?Purchase cost:$5,108
?Total cash invested:$33,483
?Estimated cash flow (year 1)
?Gross rent:$1,075
?Principal & interest:$566
Taxes:$157
HOA:n/a
Insurance:$48
Property management:$65
Total monthly cost:$835
?Monthly cashflow (year 1):$240
?annual cashflow:$2,877

Buy & Hold Projections

All figures are estimates and are not guaranteed.

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$2,877$3,395$4,455$9,917
?Total equity:$32,646$51,457$79,504$275,494
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%9%10%15%
?Cash on Cash Return:9%10%13%30%
?Return on Equity:9%7%6%4%
?Internal Rate of Return (IRR):-15%14%15%14%
?Return on Investment:-15%77%217%1,207%

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