1004 Shelton St

Birmingham, AL 35215
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3 bd, 1 ba | 1,025 sqft | Built in 1955

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List Price
$99,900

Initial Investment

$26,845

Purchase Price

$97,000

Down Payment

25%

Rent

$850

Total Return

$35,334

Annualized Return

18.2%

Cap Rate

5.7%

Gross Yield

10.5%

Cash Flow

-$246

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

02/27/2020

Lease End

02/26/2021

Lot Size

14,810

HOA

None

Flood Risk

High Risk - Zone AE

  • The following all 100% brand new. Electrical, plumbing, roof, gutters, plumbing fixtures, electrical fixtures, appliances, and water heater.
  • Also new is the exterior paint, interior paint, bathroom vanity, flooring, exterior doors, landscaping, freshly stained deck, mailbox and more. See full scope of work in the diligence vault.
  • Fully rehabbed property on a beautiful lot.
  • Rent 100% covered and guaranteed by section 8
  • Roofstock Turnkey property
  • Click here to learn more about the Roofstock Turnkey program

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,462

Property Taxes

-$1,200

Loan Payments

-$5,273

Net Cash Flow

-$246

See more in Financials

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