46 Wilkes Cir

Birmingham, AL 35228
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3 bd, 1 ba | 1,074 sqft | Built in 1952

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List Price
$69,000

Initial Investment

$18,549

Purchase Price

$55,000

Down Payment

25%

Rent

$825

Total Return

$27,205

Annualized Return

24.0%

Cap Rate

11.4%

Gross Yield

18%

Cash Flow

$2,696

Appreciation

5.4%
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Features

Occupancy

Month To Month

Lease Start

06/01/2019

Lease End

M/M

Lot Size

5,991

HOA

None

Flood Risk

Not Required

  • Highlights/Opportunity: Attractive cap rate
  • Location: 48th in population among the nation’s top 300 metropolitan areas. 4 Fortune 100 companies headquartered here. Along with Mercedes plant, Graybar, Regents Bank, there’s also a big banking industry, a lot of architectural, steel, logistics etc.  Consistently rated as one of America’s best places to work and earn a living based on the area’s competitive salary rates and relatively low living expenses
  • Tenant: Lease end date: 5/31/2022

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Annual Financial Highlights

Expected Rent

$9,405

Expenses

-$3,119

Property Taxes

-$600

Loan Payments

-$2,990

Net Cash Flow

$2,696

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