1144 Rainbow Dr NE

Birmingham, AL 35215
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3 bd, 1.5 ba | 1,025 sqft | Built in 1965

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List Price
$81,900

Initial Investment

$21,613

Purchase Price

$75,000

Down Payment

25%

Rent

$950

Total Return

$40,268

Annualized Return

26.8%

Cap Rate

9.5%

Gross Yield

15.2%

Cash Flow

$2,410

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

05/16/2019

Lease End

04/30/2020

Lot Size

11,388

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$3,242

Property Taxes

-$1,100

Loan Payments

-$4,077

Net Cash Flow

$2,410

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