98 Dogwood Cir

Remlap, AL 35133
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3 bd, 2 ba | 1,200 sqft | Built in 2003

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List Price
$163,000

Initial Investment

$51,093

Purchase Price

$163,000

Down Payment

25%

Rent

$1,300

Total Return

$63,971

Annualized Return

18.5%

Cap Rate

6.8%

Gross Yield

9.6%

Cash Flow

$1,659

Appreciation

6.7%
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Features

Occupancy

Vacant

Lease Up Guarantee

Yes

Lot Size

19,894

HOA

None

Flood Risk

Not Required

  • Tenant: Currently vacant; seller is painting the property and cleaning it up to be rent ready; once rent ready, the seller will market this property for rent
  • Location: Greater Birmingham area

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Annual Financial Highlights

Expected Rent

$14,820

Expenses

-$3,499

Property Taxes

-$800

Loan Payments

-$8,862

Net Cash Flow

$1,659

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