512 Annie Laura Dr

Birmingham, AL 35215
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3 bd, 1 ba | 924 sqft | Built in 1954

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Curb View
List Price
$74,900

Initial Investment

$20,174

Purchase Price

$72,600

Down Payment

25%

Rent

$725

Total Return

$33,117

Annualized Return

23.0%

Cap Rate

7.6%

Gross Yield

12.0%

Cash Flow

$1,088

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

02/09/2019

Lease End

02/29/2024

Lot Size

9,300

HOA

None

Flood Risk

Not Required

  • Leased through 2/29/2024
  • Per lease, Tenant agrees that the monthly rent will increase 5% every Anniversary Date (2/28)
  • Seller to provide $390 credit at closing with a qualified offer
  • Minimal immediate repair costs

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$2,330

Property Taxes

-$900

Loan Payments

-$3,947

Net Cash Flow

$1,088

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