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Single Family Rental Property Sold by the Dallas Property Team for $229k

New Construction SFR Rental Property sold by the Dallas/North Texas Property Team for $229K.

Property Type:

New Construction
Purchase Price: $229,999
Gross Rent: $1,950
Cap Rate (year 1): 9.3
Cash Flow (year 1): $10,339
4
2
1,656 SQ. FT
Loan type? 75% LTV 7/6 ARM @ 4.875% with 0 Pts
?Purchase Price:$229,999
Down payment:$57,500
?Purchase cost:$4,600
?Total cash invested:$62,100
?Estimated cash flow (year 1)
?Gross rent:$1,950
?Principal & interest:$913
Taxes:$76
HOA:n/a
Insurance:$100
Property management:$0
Total monthly cost:$1,089
?Monthly cashflow (year 1):$861
?annual cashflow:$10,339

Buy & Hold Projections

?Appreciation:
6%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$10,339$7,409$12,716$48,586
?Total equity:$73,903$149,670$272,110$1,320,997
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%8%10%26%
?Cash on Cash Return:17%12%21%78%
?Return on Equity:14%5%5%4%
?Internal Rate of Return (IRR):12%25%23%19%
?Return on Investment:12%167%439%2,980%

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