New Construction Single Family Rental Sold by the Tuscaloosa Property Team for $240K
Property Type:
New Construction
Purchase Price: $240,000
Gross Rent: $1,675
Cap Rate (year 1): 6.5
Cash Flow (year 1): $2,609
| Loan type | 80% LTV 30-year @ 5.500% with 0 Pts |
|---|---|
| Purchase Price: | $240,000 |
| Down payment: | $48,000 |
| Purchase cost: | $7,200 |
| Total cash invested: | $55,200 |
| Estimated cash flow (year 1) | |
|---|---|
| Gross rent: | $1,675 |
| Principal & interest: | $1,090 |
| Taxes: | $167 |
| HOA: | n/a |
| Insurance: | $50 |
| Property management: | $151 |
| Total monthly cost: | $1,457 |
| Monthly cashflow (year 1): | $218 |
| annual cashflow: | $2,609 |
