Single Family Rental Property Sold by the Alabama Property Team for $150k
Property Type:
REAL Income Property™
Purchase Price: $178,000
Gross Rent: $1,400
Cap Rate (year 1): 7.5
Cash Flow (year 1): $4,302
| Loan type | 75% LTV 30-year @ 5.500% with 0 Pts |
|---|---|
| Purchase Price: | $178,000 |
| Down payment: | $44,500 |
| Purchase cost: | $5,340 |
| Total cash invested: | $49,840 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,400 |
| Principal & interest: | $758 |
| Taxes: | $123 |
| HOA: | n/a |
| Insurance: | $91 |
| Property management: | $70 |
| Total monthly cost: | $1,042 |
| Monthly cashflow (year 1): | $358 |
| annual cashflow: | $4,302 |
