Single Family Rental Property Sold by the Indianapolis Property Team for $159k
Property Type:
Single Family Rental
Purchase Price: $159,900
Gross Rent: $1,325
Cap Rate (year 1): 8.6
Cash Flow (year 1): $4,418
| Loan type | 75% LTV 30-year @ 6.750% with 2 Pts |
|---|---|
| Purchase Price: | $159,900 |
| Down payment: | $39,975 |
| Purchase cost: | $3,998 |
| Total cash invested: | $43,973 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,325 |
| Principal & interest: | $778 |
| Taxes: | $119 |
| HOA: | n/a |
| Insurance: | $60 |
| Property management: | $0 |
| Total monthly cost: | $957 |
| Monthly cashflow (year 1): | $368 |
| annual cashflow: | $4,418 |
