1451 Hendrix Dr
Birmingham, AL 35214
List Price
$140,000
Initial Investment
$37,115Purchase Price
$135,800
Down Payment
25%
Rent
$1,050
Total Return
$42,972
Annualized Return
17.0%
Cap Rate
6.2%
Gross Yield
9.3%
Cash Flow
$462
Appreciation
5.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
08/09/2019
Lease End
07/31/2021
Lot Size
13,905
HOA
None
Flood Risk
Not Required
- 2017 New Metal Roof with 40 year manufacturer warranty
- 2017 property fully rehabbed including upgraded kitchen with granite countertops, vinyl plank flooring, HVAC updates, interior painting
- Professionally Managed by Spartan Invest
- Long term tenant on 2 year lease
- Within 3 miles of WALMART Super Center (7min) and walking distance to nearby school
- Tenant's liability insurance included in monthly rent of $10
See more in Analysis
Annual Financial Highlights
Expected Rent
$11,970Expenses
-$2,925Property Taxes
-$1,200Loan Payments
-$7,383Net Cash Flow
$462See more in Financials
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