1159 16th Ave W
Birmingham, AL 35204
List Price
$109,000
Initial Investment
$28,613Purchase Price
$105,000
Down Payment
25%
Rent
$1,017
Total Return
$47,179
Annualized Return
23.1%
Cap Rate
7.4%
Gross Yield
11.6%
Cash Flow
$1,534
Appreciation
6.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
10/30/2021
Lease End
09/30/2022
Lot Size
8,850
HOA
None
Flood Risk
Not Required
- Complete turnkey investment property producing guaranteed rent on the Section 8 program
- 10% rental increase built into the contract going into the second year
- Located just minutes from the prestigious Birmingham Southern College, interstate and shopping in a thriving and appreciating area
- The comps show $109k is already priced at a discount and yields a strong cap rate
- This seller is a licensed management company, and one of our PPM's, with BBB A+ rating. They are offing a promo: maintenance and management fee FREE for ONE YEAR, increasing cap rate to 9.5%! That’s right, you retain 100% of the rent and they will pay for any maintenance requests (labor and materials)
- This seller is also offering to pay for the buyer's appraisal if the offer is financed
See more in Analysis
Annual Financial Highlights
Expected Rent
$11,594Expenses
-$3,052Property Taxes
-$1,300Loan Payments
-$5,708Net Cash Flow
$1,534See more in Financials
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