1144 Rainbow Dr NE Birmingham, AL 35215
3bd, 1.5ba | 1,025sqft | Built in 1965
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Initial Investment
$84,304
List Price: $81,900
Purchase Price
$81,900
Down Payment
100%
Rent
$950

Total Return
$39,076
Annualized Return
9.1%
Cap Rate
8.9%
Gross Yield
13.9%
Cash Flow
$6,626
Appreciation
2.2%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
05/16/2019 
Lease End
04/30/2020 
Lot Size
11,388 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$10,830
Expenses
-$3,104
Property Taxes
-$1,100
Loan Payments
$0

Net Cash Flow
$6,626
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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