Single Family Rental Property Sold by the Alabama Property Team for $172k
Property Type:
REAL Income Property™
Purchase Price: $172,000
Gross Rent: $1,275
Cap Rate (year 1): 7.5
Cash Flow (year 1): $4,032
| Loan type | 75% LTV 30-year @ 5.500% with 0 Pts |
|---|---|
| Purchase Price: | $172,000 |
| Down payment: | $43,000 |
| Purchase cost: | $5,160 |
| Total cash invested: | $48,160 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,275 |
| Principal & interest: | $732 |
| Taxes: | $63 |
| HOA: | n/a |
| Insurance: | $80 |
| Property management: | $64 |
| Total monthly cost: | $939 |
| Monthly cashflow (year 1): | $336 |
| annual cashflow: | $4,032 |
