1701 2nd St NE
Center Point, AL 35215
List Price
$104,000
Initial Investment
$34,421Purchase Price
$114,900
Down Payment
25%
Rent
$990
Total Return
$47,118
Annualized Return
19.8%
Cap Rate
7.0%
Gross Yield
10.3%
Cash Flow
$1,194
Appreciation
6.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
03/04/2021
Lease End
02/28/2023
Lot Size
12,900
HOA
None
Flood Risk
Not Required
- Highlights/Opportunity: Attractive cap rate
- Location: Only 15 minutes to downtown Birmingham
- Improvements/Condition: Bonus room & bonus bathroom; Recently renovated (2018)
- Being sold As-Is. This property is being sold in its current condition with in-place cash flow. All condition details can be found in the inspection report under the "Buy Process" tab
See more in Analysis
Annual Financial Highlights
Expected Rent
$11,286Expenses
-$2,845Property Taxes
-$1,000Loan Payments
-$6,247Net Cash Flow
$1,194See more in Financials
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