New Construction Single Family Rental Property Sold by the Alabama Property Team for $290k
Property Type:
Turnkey Rental Properties
Purchase Price: $290,000
Gross Rent: $2,100
Cap Rate (year 1): 7.1
Cash Flow (year 1): $4,673
| Loan type | 80% LTV 30-year @ 5.500% with 0 Pts |
|---|---|
| Purchase Price: | $290,000 |
| Down payment: | $58,000 |
| Purchase cost: | $8,700 |
| Total cash invested: | $66,700 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $2,100 |
| Principal & interest: | $1,317 |
| Taxes: | $238 |
| HOA: | n/a |
| Insurance: | $50 |
| Property management: | $105 |
| Total monthly cost: | $1,710 |
| Monthly cashflow (year 1): | $390 |
| annual cashflow: | $4,673 |
