3116 Cobblestone Dr

Birmingham, AL 35215
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3 bd, 1.5 ba | 1,095 sqft | Built in 1977

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List Price
$109,000

Initial Investment

$31,610

Purchase Price

$109,000

Down Payment

25%

Rent

$1,075

Total Return

$50,940

Annualized Return

23.1%

Cap Rate

7.9%

Gross Yield

11.8%

Cash Flow

$2,112

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

10/01/2019

Lease End

10/31/2020

Lot Size

13,939

HOA

None

Flood Risk

Not Required

  • Leased through 10/31/2020
  • Attractive cap rate
  • 3-bed, 1.5-bath single-family home

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Annual Financial Highlights

Expected Rent

$12,255

Expenses

-$3,117

Property Taxes

-$1,100

Loan Payments

-$5,926

Net Cash Flow

$2,112

See more in Financials

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