1437 Highland Dr

Birmingham, AL 35235
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3 bd, 2 ba | 1,288 sqft | Built in 1970

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List Price
$159,000

Initial Investment

$44,148

Purchase Price

$157,900

Down Payment

25%

Rent

$1,200

Total Return

$99,066

Annualized Return

26.9%

Cap Rate

6.0%

Gross Yield

9.1%

Cash Flow

$283

Appreciation

10.4%
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Features

Occupancy

Occupied

Lease Start

01/03/2021

Lease End

12/31/2021

Lot Size

15,000

HOA

None

Flood Risk

Not Required

  • Recent (June 2021) kitchen updates!
  • New stove and matching vent
  • New top cabinets
  • Fresh paint in kitchen, main hallway, and living room
  • Replaced 2.5 ton A/C compressor in 2020
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$3,212

Property Taxes

-$1,600

Loan Payments

-$8,584

Net Cash Flow

$283

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