1200 Circle Trl Birmingham, AL 35214
3bd, 2ba | 2,127sqft | Built in 1985
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Initial Investment
$173,226
List Price: $169,900
Purchase Price
$169,900
Down Payment
100%
Rent
$1,225

Total Return
$52,939
Annualized Return
6.0%
Cap Rate
5.1%
Gross Yield
8.7%
Cash Flow
$8,134
Appreciation
2.2%
Features
Occupancy
Occupied
Lease Start
12/10/2018 
Lease End
11/30/2019 
Lot Size
10,890 
HOA
None
Flood Risk
Not Required
  • Attractive 3 bed/ 2 bath with 2-car garage
  • <$800 in immediate repairs
  • Corner lot with large back deck
  • Less than 1 mile to schools, 13 mins to downtown Birmingham, 22 mins to Birmingham-Shuttlesworth International airport
  • Renter's insurance fee included in monthly rent of $14.50

Annual Financial Highlight
Expected Rent
$13,965
Expenses
-$3,231
Property Taxes
-$2,600
Loan Payments
$0

Net Cash Flow
$8,134
Considerations
Property Characteristics    View Details

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  • Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes duplexes, triplexes and fourplexes.

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