1857 Cherry Ave

Birmingham, AL 35214
image0

2 bd, 1 ba | 776 sqft | Built in 1950

slider image
slider image
slider image
List Price
$89,000

Initial Investment

$21,528

Purchase Price

$79,000

Down Payment

25%

Rent

$710

Total Return

$27,689

Annualized Return

19.0%

Cap Rate

7.0%

Gross Yield

10.8%

Cash Flow

$764

Appreciation

5.4%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Occupied

Lease Start

07/01/2021

Lease End

06/30/2022

Lot Size

46,609

HOA

None

Flood Risk

Not Required

  • Tenant is section 8
  • Strong cap rate
  • Below market rent
  • Insurance fee included in monthly rent of $10
  • Get more insight into this market here

MARKETS

View Stats

NEIGHBORHOOD

SCHOOLS

See more in Analysis

Have a question for us?

We’re happy to help!

Ask a Question

Annual Financial Highlights

Expected Rent

$8,094

Expenses

-$2,235

Property Taxes

-$800

Loan Payments

-$4,295

Net Cash Flow

$764

See more in Financials

Similar Listings