1434 18th Pl SW

Birmingham, AL 35211
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2 bd, 1 ba | 770 sqft | Built in 1957

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Sale Pending

Exclusive

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List Price
$65,000

Initial Investment

$23,736
Pre-approval letter or proof of funds required.

Purchase Price

$65,000

Down Payment

25%

Rent

$520

Total Return

$18,051

Annualized Return

12.0%

Cap Rate

6.0%

Gross Yield

9.6%

Cash Flow

-$17

Appreciation

6.6%
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Features

Occupancy

Occupied

Lease Start

11/06/2019

Lease End

08/31/2022

Lot Size

6,900

HOA

None

Flood Risk

High Risk - Zone AE

  • Significantly below market rent. Please toggle between current and market rent to see increase in cap rate and annual cash flow
  • Steady five year market appreciation
  • Property is potentially on a flood plain, please review flood and insurance information and contact your own insurance company to verify

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Annual Financial Highlights

Expected Rent

$5,928

Expenses

-$1,611

Property Taxes

-$800

Loan Payments

-$3,534

Net Cash Flow

-$17

See more in Financials

Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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