700 15th Ct NW

Birmingham, AL 35215
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3 bd, 1.5 ba | 1,070 sqft | Built in 1981

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List Price
$87,900

Initial Investment

$24,610

Purchase Price

$81,999

Down Payment

25%

Rent

$900

Total Return

$38,848

Annualized Return

23.0%

Cap Rate

8.4%

Gross Yield

13.2%

Cash Flow

$1,845

Appreciation

6.7%
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Features

Occupancy

Vacant

Lot Size

15,648

HOA

None

Flood Risk

Not Required

  • Less than 1 mile to elementary schools
  • Close to shopping and dining
  • 3-bed, 1.5-bath single-family home
  • Easy access to Birmingham-Shuttlesworth International Airport (9 mi)

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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,958

Property Taxes

-$1,000

Loan Payments

-$4,458

Net Cash Flow

$1,845

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