1418 16th Way SW

Birmingham, AL 35211
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3 bd, 1 ba | 1,053 sqft | Built in 1953

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List Price
$73,000

Initial Investment

$15,260

Purchase Price

$56,000

Down Payment

25%

Rent

$750

Total Return

$30,783

Annualized Return

28.6%

Cap Rate

9.7%

Gross Yield

16.1%

Cash Flow

$1,877

Appreciation

6.6%
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Features

Occupancy

Occupied

Lease Start

09/01/2017

Lease End

09/30/2022

Lot Size

17,800

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,729

Property Taxes

-$900

Loan Payments

-$3,044

Net Cash Flow

$1,877

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