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Single Family Rental Property Sold by the Columbus, GA Property Team for $230K

Single Family Rental Sold by the Columbus Property Team for $230k

Property Type:

Single Family Rental
Purchase Price: $230,000
Gross Rent: $1,850
Cap Rate (year 1): 8.8
Cash Flow (year 1): $7,359
3
2
1,389 SQ. FT
Loan type? 75% LTV 30-year @ 6.300% with 2 Pts
?Purchase Price:$230,000
Down payment:$57,500
?Purchase cost:$6,325
?Total cash invested:$63,825
?Estimated cash flow (year 1)
?Gross rent:$1,850
?Principal & interest:$1,068
Taxes:$102
HOA:n/a
Insurance:$67
Property management:$0
Total monthly cost:$1,237
?Monthly cashflow (year 1):$613
?annual cashflow:$7,359

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
4%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$7,359$6,859$8,906$19,461
?Total equity:$66,402$105,531$163,603$558,270
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):9%9%9%14%
?Cash on Cash Return:12%11%14%31%
?Return on Equity:11%7%5%4%
?Internal Rate of Return (IRR):-7%17%17%15%
?Return on Investment:-7%94%245%1,281%

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