3112 Avenue J

Birmingham, AL 35218
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3 bd, 1 ba | 1,170 sqft | Built in 1940

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List Price
$63,000

Initial Investment

$15,669

Purchase Price

$57,500

Down Payment

25%

Rent

$750

Total Return

$29,832

Annualized Return

26.9%

Cap Rate

9.1%

Gross Yield

15.7%

Cash Flow

$1,593

Appreciation

6.6%
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Features

Occupancy

Lease Start

04/01/2020

Lease End

03/31/2021

Lot Size

7,250

HOA

None

Flood Risk

Not Required

  • 3 bed 1 bath single family with covered front porch
  • Month-to-month Section 8 tenant
  • Below market rent
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,831

Property Taxes

-$1,000

Loan Payments

-$3,126

Net Cash Flow

$1,593

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