1738 Damon St

Birmingham, AL 35217
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3 bd, 1 ba | 1,322 sqft | Built in 1924

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List Price
$67,999

Initial Investment

$20,703

Purchase Price

$67,000

Down Payment

25%

Rent

$750

Total Return

$25,843

Annualized Return

19.6%

Cap Rate

8.5%

Gross Yield

13.4%

Cash Flow

$1,553

Appreciation

5.4%
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Features

Occupancy

Occupied

Lease Start

05/10/2019

Lease End

04/30/2021

Lot Size

8,350

HOA

None

Flood Risk

Not Required

  • Effective 5/1/2020, tenant rent to be 100% covered by Section 8
  • Seller willing to offer a repair credit ($1500) or replace furnace prior to COE (with qualified offer)

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,655

Property Taxes

-$700

Loan Payments

-$3,642

Net Cash Flow

$1,553

See more in Financials

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