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Single Family Rental Sold by the Cleveland Property Team for $149K

Single Family Rental Property sold by the Cleveland Property Team for $149K.

Property Type:

Single Family Rental
Purchase Price: $149,900
Gross Rent: $1,325
Cap Rate (year 1): 7.6
Cash Flow (year 1): $3,181
2
1
984 SQ. FT
Loan type? 75% LTV 30-year @ 6.225% with 2 Pts
?Purchase Price:$149,900
Down payment:$37,475
?Purchase cost:$6,467
?Total cash invested:$44,221
?Estimated cash flow (year 1)
?Gross rent:$1,325
?Principal & interest:$690
Taxes:$210
HOA:n/a
Insurance:$67
Property management:$93
Total monthly cost:$1,060
?Monthly cashflow (year 1):$265
?annual cashflow:$3,181

Buy & Hold Projections

?Appreciation:
3%		?Income Increase:
2%		?Expense Increase:
2%		?Selling Costs:
6%
Cash Flow & EquityYear 1Year 5Year 10Year 30
?Cash flow:$3,181$4,126$5,417$12,076
?Total equity:$43,296$68,872$106,810$363,847
Investment returnsYear 1Year 5Year 10Year 30
?Cap Rate (Purchase Price):8%8%9%14%
?Cash on Cash Return:7%9%12%27%
?Return on Equity:7%6%5%3%
?Internal Rate of Return (IRR):-16%13%15%13%
?Return on Investment:-16%73%211%1,163%

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