2220 Fairfax Ave

Bessemer, AL 35020
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3 bd, 1.5 ba | 1,344 sqft | Built in 1915

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List Price
$56,900

Initial Investment

$48,486

Purchase Price

$46,350

Down Payment

100%

Rent

$730

Total Return

$37,361

Annualized Return

14.0%

Cap Rate

11.0%

Gross Yield

18.9%

Cash Flow

$4,594

Appreciation

6.6%
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Features

Occupancy

Vacant

Lot Size

9,500

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Inspection contingency available
  • Approx. 15 miles to Birmingham
  • Seller recently made repairs on home, view inspection documents for more info
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,322

Expenses

-$2,828

Property Taxes

-$900

Loan Payments

$0

Net Cash Flow

$4,594

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