1602 1st St NW

Center Point, AL 35215
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3 bd, 1 ba | 890 sqft | Built in 1960

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Curb View
List Price
$78,500

Initial Investment

$23,223

Purchase Price

$76,000

Down Payment

25%

Rent

$839

Total Return

$37,468

Annualized Return

23.8%

Cap Rate

8.9%

Gross Yield

13.2%

Cash Flow

$2,063

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

03/02/2017

Lease End

09/30/2020

Lot Size

9,639

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Close to schools, shopping, and dining
  • 3-bed, 1-bath single-family home
  • Easy access to Birmingham-Shuttlesworth International Airport (10 mi)

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,565

Expenses

-$2,670

Property Taxes

-$700

Loan Payments

-$4,132

Net Cash Flow

$2,063

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