Single Family Rental Property Sold by the Alabama Property Team for $290k
Property Type:
New Construction
Purchase Price: $290,000
Gross Rent: $2,025
Cap Rate (year 1): 6.7
Cash Flow (year 1): $4,650
| Loan type | 75% LTV 30-year @ 5.500% with 0 Pts |
|---|---|
| Purchase Price: | $290,000 |
| Down payment: | $72,500 |
| Purchase cost: | $8,700 |
| Total cash invested: | $81,200 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,025 |
| Principal & interest: | $1,235 |
| Taxes: | $241 |
| HOA: | n/a |
| Insurance: | $60 |
| Property management: | $101 |
| Total monthly cost: | $1,638 |
| Monthly cashflow (year 1): | $387 |
| annual cashflow: | $4,650 |
