1317 Five Mile Rd Birmingham, AL 35215
3bd, 1ba | 1,082sqft | Built in 1956
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Initial Investment
$110,635
List Price: $109,000
Purchase Price
$109,000
Down Payment
100%
Rent
$950

Total Return
$43,207
Annualized Return
7.6%
Cap Rate
6.8%
Gross Yield
10.5%
Cash Flow
$6,871
Appreciation
2.2%
Features
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
10,890 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate
  • Fully Rehabbed Property- new roof, new HVAC, new plumbing and electrical
  • Seller will purchase a 1-year home warranty at closing
  • Full basement and one car garage located in the mature rental zip code in Alabama
  • Close proximity to restaurants and shopping centers

Annual Financial Highlight
Expected Rent
$10,830
Expenses
-$2,659
Property Taxes
-$1,300
Loan Payments
$0

Net Cash Flow
$6,871
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.
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Property Management   

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