928 Nelson Pl

Birmingham, AL 35215
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3 bd, 2 ba | 1,247 sqft | Built in 1954

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List Price
$85,000

Initial Investment

$24,424

Purchase Price

$82,500

Down Payment

25%

Rent

$925

Total Return

$37,763

Annualized Return

22.3%

Cap Rate

8.1%

Gross Yield

13.5%

Cash Flow

$1,543

Appreciation

6.7%
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Features

Occupancy

Vacant

Lot Size

14,596

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Easy access to Roebuck Parkway and I-59
  • Elementary, middle, and high schools all within 2 miles

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Annual Financial Highlights

Expected Rent

$10,545

Expenses

-$3,116

Property Taxes

-$1,400

Loan Payments

-$4,485

Net Cash Flow

$1,543

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