Single Family Rental Sold by Chattanooga Property Team for $209K
Property Type:
Turnkey Rental Properties
Purchase Price: $209,000
Gross Rent: $1,650
Cap Rate (year 1): 8.6
Cash Flow (year 1): $6,011
| Loan type | 75% LTV 30-year @ 6.600% with 2 Pts |
|---|---|
| Purchase Price: | $209,000 |
| Down payment: | $52,250 |
| Purchase cost: | $9,405 |
| Total cash invested: | $61,655 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,650 |
| Principal & interest: | $1,001 |
| Taxes: | $56 |
| HOA: | n/a |
| Insurance: | $92 |
| Property management: | $0 |
| Total monthly cost: | $1,149 |
| Monthly cashflow (year 1): | $501 |
| annual cashflow: | $6,011 |
