901 Overton Ave
Birmingham, AL 35217
List Price
$82,000
Initial Investment
$22,319Purchase Price
$78,000
Down Payment
25%
Rent
$995
Total Return
$34,979
Annualized Return
23.9%
Cap Rate
9.4%
Gross Yield
15.3%
Cash Flow
$2,394
Appreciation
5.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
03/06/2020
Lease End
03/31/2021
Lot Size
7,000
HOA
None
Flood Risk
Not Required
- 2019 New Roof, new flooring, painting, kitchen countertops, plumbing and electrical updated, vinyl siding
- Rent 100% Section 8 paid
- Property operates as a 4 Bedroom 2 bathroom with a bonus room converted into a bedroom
- Updated ramp, handicapped accessible
- Great location: up-and-coming neighborhood, minutes from downtown Birmingham and Top Golf
- Professionally Managed by Elite Property Management
See more in Analysis
Annual Financial Highlights
Expected Rent
$11,343Expenses
-$3,609Property Taxes
-$1,100Loan Payments
-$4,240Net Cash Flow
$2,394See more in Financials
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