Single Family Rental Sold by the Cleveland Property Team for $139K
Property Type:
Single Family Rental
Purchase Price: $139,900
Gross Rent: $1,300
Cap Rate (year 1): 8.9
Cash Flow (year 1): $4,923
| 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: | $1,300 |
| Principal & interest: | $629 |
| Taxes: | $111 |
| HOA: | n/a |
| Insurance: | $58 |
| Property management: | $91 |
| Total monthly cost: | $890 |
| Monthly cashflow (year 1): | $410 |
| annual cashflow: | $4,923 |
