Single Family Rental Property Sold by the Alabama Property Team for $164k
Property Type:
REAL Income Property™
Purchase Price: $164,500
Gross Rent: $1,215
Cap Rate (year 1): 7.3
Cash Flow (year 1): $2,962
| Loan type | 80% LTV 30-year @ 5.500% with 0 Pts |
|---|---|
| Purchase Price: | $164,500 |
| Down payment: | $32,900 |
| Purchase cost: | $4,935 |
| Total cash invested: | $37,835 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,215 |
| Principal & interest: | $747 |
| Taxes: | $51 |
| HOA: | n/a |
| Insurance: | $61 |
| Property management: | $109 |
| Total monthly cost: | $968 |
| Monthly cashflow (year 1): | $247 |
| annual cashflow: | $2,962 |
