137 Spring St

Calera, AL 35040
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3 bd, 2 ba | 1,347 sqft | Built in 2003

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List Price
$145,995

Initial Investment

$37,780

Purchase Price

$138,000

Down Payment

25%

Rent

$1,155

Total Return

$62,119

Annualized Return

22.1%

Cap Rate

6.5%

Gross Yield

10.0%

Cash Flow

$787

Appreciation

7.3%
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Features

Occupancy

Occupied

Lease Start

05/16/2016

Lease End

05/31/2021

Lot Size

6,500

HOA

None

Flood Risk

Not Required

  • 4-star Birmingham suburb with premium school district (8,9,9)
  • 2.5 year tenant, with current lease extended through 05/21
  • 10+ years remaining on all major systems (roof, HVAC, water heater, and more)
  • 6.2% cap rate w/ ~$8,600 in Year 1 cash flow

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Annual Financial Highlights

Expected Rent

$13,167

Expenses

-$3,277

Property Taxes

-$1,600

Loan Payments

-$7,502

Net Cash Flow

$787

See more in Financials

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