5617 Park Side Rd

Hoover, AL 35244
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3 bd, 2 ba | 1,364 sqft | Built in 2016

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List Price
$235,000

Initial Investment

$57,770

Purchase Price

$212,000

Down Payment

25%

Rent

$1,500

Total Return

$67,961

Annualized Return

16.4%

Cap Rate

5.0%

Gross Yield

8.5%

Cash Flow

-$1,334

Appreciation

6.3%
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Features

Occupancy

Occupied

Lease Start

03/22/2018

Lease End

03/23/2022

Lot Size

5,680

HOA

$3/mo

Flood Risk

Not Required

  • 5-star neighborhood near highly-rated schools
  • No estimated immediate repair costs
  • Leased through March 2022
  • Built in 2016

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Annual Financial Highlights

Expected Rent

$17,100

Expenses

-$3,808

Property Taxes

-$3,100

Loan Payments

-$11,525

Net Cash Flow

-$1,334

See more in Financials

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