1161 John J Eagan Dr

Birmingham, AL 35204
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3 bd, 1 ba | 936 sqft | Built in 1950

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List Price
$80,000

Initial Investment

$81,907

Purchase Price

$80,000

Down Payment

100%

Rent

$800

Total Return

$53,843

Annualized Return

11.9%

Cap Rate

7.7%

Gross Yield

12%

Cash Flow

$5,589

Appreciation

6.6%
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Features

Occupancy

Occupied

Lease Start

02/09/2019

Lease End

02/08/2020

Lot Size

4,248

HOA

None

Flood Risk

Not Required

  • Attractive cap rate, meets 1% rule
  • Recently renovated with new roof, new HVAC, plumbing, and electrical. Repairs list included in Diligence Documents.
  • Seller will purchase 12 month home warranty at closing
  • Seller will complete all repairs noted on the Capital Expenditures page prior to close

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$2,531

Property Taxes

-$1,000

Loan Payments

$0

Net Cash Flow

$5,589

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