Single Family Rental Property Sold by the Indianapolis Property Team for $179k
Property Type:
REAL Income Property™
Purchase Price: $179,900
Gross Rent: $1,475
Cap Rate (year 1): 8.8
Cash Flow (year 1): $5,403
| Loan type | 75% LTV 30-year @ 6.600% with 2 Pts |
|---|---|
| Purchase Price: | $179,900 |
| Down payment: | $44,975 |
| Purchase cost: | $4,498 |
| Total cash invested: | $49,473 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,475 |
| Principal & interest: | $862 |
| Taxes: | $103 |
| HOA: | n/a |
| Insurance: | $60 |
| Property management: | $0 |
| Total monthly cost: | $1,025 |
| Monthly cashflow (year 1): | $450 |
| annual cashflow: | $5,403 |
