Single Family Rental Property Sold by the Alabama Property Team for $171k
Property Type:
REAL Income Property™
Purchase Price: $171,000
Gross Rent: $1,325
Cap Rate (year 1): 7.8
Cash Flow (year 1): $4,102
| Loan type | 80% LTV 30-year @ 5.500% with 0 Pts |
|---|---|
| Purchase Price: | $171,000 |
| Down payment: | $34,200 |
| Purchase cost: | $5,130 |
| Total cash invested: | $39,330 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,325 |
| Principal & interest: | $777 |
| Taxes: | $54 |
| HOA: | n/a |
| Insurance: | $86 |
| Property management: | $66 |
| Total monthly cost: | $983 |
| Monthly cashflow (year 1): | $342 |
| annual cashflow: | $4,102 |
