Mobile and Chickasaw Areas

Mobile, AL | 4 Unit SFR

  • Impressive return
  • Tenant occupied
  • Professionally managed by Revitalize Mobile

List Price
$125,000
or
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Min Purchase
1 of 3
Avg Price
$41,667
Avg Sqft
977
Avg Year Built
1967
Financial Highlight
Rent
Monthly Average
$607
Monthly Total
$1,820
Occupancy
100.0%
Levered IRR
21.4%
Cap Rate
8.8%
Gross Yield
17.5%
Net Income
$10,995
Appreciation
2.9%
$38,000
2bd, 1ba | 1,088sqft
Current Rent
$550
Neighborhood
623 Westwood St
Mobile, AL 36606
$45,000
2bd, 1ba | 800sqft
Current Rent
$670
Neighborhood
1907 Halls Mill Rd
Mobile, AL 36606
$42,000
2bd, 1ba | 1,044sqft
Current Rent
$600
Neighborhood
3203 Dogwood Rd
Mobile, AL 36605
Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Gross Rent $21,840 $22,495 $23,170 $23,865 $24,581
Economic Vacancy Factor -$1,092 -$1,125 -$1,159 -$1,193 -$1,229
Net Revenue $20,748 $21,370 $22,012 $22,672 $23,352
EXPENSES
Property Management -$1,660 -$1,710 -$1,761 -$1,814 -$1,868
Leasing Fees -$519 -$534 -$550 -$567 -$584
HOA Fees $0 $0 $0 $0 $0
Property Taxes -$1,600 -$1,646 -$1,693 -$1,742 -$1,792
Insurance -$3,593 -$3,696 -$3,802 -$3,912 -$4,024
Repairs & Maintenance -$2,381 -$2,453 -$2,526 -$2,602 -$2,680
Operating Expenses -$9,753 -$10,039 -$10,333 -$10,636 -$10,948
TOTAL OPERATING CASH FLOW
Net Operating Income $10,995 $11,332 $11,678 $12,036 $12,404
Net Operating Income Margin 53.0% 53.0% 53.1% 53.1% 53.1%
CAPITAL EXPENDITURES RESERVE -$1,245 -$1,282 -$1,321 -$1,360 -$1,401
PROPERTY PURCHASE AND SALE
Purchase / Sale Price -$125,000 $142,459
Acquisition Fees / Closing Costs -$2,812
Contingency $0
Disposition Fees / Closing Costs -$5,041
Net Purchase / Sale Proceeds -$127,812 $137,418
FINANCING
Down Payment -$31,250
Loan Fees -$937
Loan Payments $5,534 $5,534 $5,534 $5,534 $5,534
Loan Balance $93,750 $92,170 $90,521 $88,800 $87,005 $85,132
Total Financing / Debt Service Cash Flows -$32,187 -$5,534 -$5,534 -$5,534 -$5,534 -$5,534
RETURN
Unlevered Cash Flow -$127,812 $10,049 $10,358 $10,675 $11,003 $137,418
Levered Cash Flow -$34,062 $4,515 $4,823 $5,141 $5,468 $52,285
Unlevered IRR 8.7%
Levered IRR 21.4%

This Financial Pro Forma is provided to you for informational and general guidance purposes only. It is an estimate of a possible financial return on your real estate purchase and may not be indicative of your actual results. Your actual results may vary and Roofstock makes no guarantee as to the actual results of your purchase of the property. The numbers below are based upon calculations using: (i) the online Property Assumptions under "Manage Assumptions" which you should review and understand prior to investing and (ii) numbers and effects are based upon general financial and economic averages, assumptions and conditions nationwide and in the real estate industry generally. All Property Assumptions initially provided to you on the site are based upon the reasonable assumptions by Roofstock as to the property, its market and general economic conditions and are not guarantees of actual results or numbers.

Financial and real estate market conditions as well as economic drivers such as interest rates, inflation, expenses, and taxation are subject to rapid fluctuations and your results may differ in each geographic market.

This Financial Pro Forma is not to be used as a financial plan or as investment or real estate advice and is not intended as part of a recommendation to purchase any investment property.


Learn more about this investment opportunity
2001 Broadway, Suite 400, Oakland, CA 94612
Phone: 510-269-9400