300 18th Ave NW

Center Point, AL 35215
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3 bd, 2 ba | 2,236 sqft | Built in 1945

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List Price
$120,000

Initial Investment

$28,068

Purchase Price

$103,000

Down Payment

25%

Rent

$900

Total Return

$41,113

Annualized Return

20.2%

Cap Rate

6.3%

Gross Yield

10.5%

Cash Flow

$334

Appreciation

6.7%
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Features

Occupancy

Month To Month

Lease Start

05/01/2020

Lease End

M/M

Lot Size

90,000

HOA

None

Flood Risk

Not Required

  • Tenant: Lease is month to month
  • Strong cap rate
  • Below market rent rate

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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,727

Property Taxes

-$1,600

Loan Payments

-$5,600

Net Cash Flow

$334

See more in Financials

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