200 23rd Ave NE
Center Point, AL 35215
List Price
$145,000
Initial Investment
$39,513Purchase Price
$145,000
Down Payment
25%
Rent
$1,075
Total Return
$56,245
Annualized Return
19.6%
Cap Rate
6.0%
Gross Yield
8.9%
Cash Flow
$162
Appreciation
6.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
10/08/2021
Lease End
10/31/2023
Lot Size
21,150
HOA
None
Flood Risk
Not Required
- Great property with lots of updates. In last 5 years: New 40-year tin roof, new hot water heater, fully renovated kitchen including granite counter tops, refinished cabinets, new hardware, new fixtures, new tile flooring, new vent hood and new dishwasher. All bathrooms fully upgraded with new vanities, lighting, fixtures, tubs and toilets.
- New carpet and paint
- Insurance fee included in monthly rent of $10
See more in Analysis
Annual Financial Highlights
Expected Rent
$12,255Expenses
-$3,010Property Taxes
-$1,200Loan Payments
-$7,883Net Cash Flow
$162See more in Financials
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