Single Family Rental Sold by the Cleveland Property Team for $139K
Property Type:
Single Family Rental
Purchase Price: $139,900
Gross Rent: $1,260
Cap Rate (year 1): 7.6
Cash Flow (year 1): $3,053
| Loan type | 75% LTV 30-year @ 6.000% with 0 Pts |
|---|---|
| Purchase Price: | $139,900 |
| Down payment: | $34,975 |
| Purchase cost: | $4,197 |
| Total cash invested: | $39,172 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,260 |
| Principal & interest: | $629 |
| Taxes: | $222 |
| HOA: | n/a |
| Insurance: | $67 |
| Property management: | $88 |
| Total monthly cost: | $1,006 |
| Monthly cashflow (year 1): | $254 |
| annual cashflow: | $3,053 |
