Birmingham Fully Renovated with Tenant in Place
Purchase Price: $87,000
Rent: $1,095
Estimated NOI: $758
| Property Condition: | Fully Renovated |
| Rental Status: | Tenant in Place as Condition of Closing |
| Year Built: | 1959 |
| Bedrooms: | 3 |
| Bathrooms: | 1.5 |
| Floor Area: | 1,271 Sq Ft |
| Land Area / Lot Size: | 18,000 Sq Ft |
| Stories: | 1 Story |
| Basement: | Finished |
| Parking: | Carport Parking |
| Purchase Price: | $87,000 |
| Monthly Rent: | $1,095 |
| Estimated Property Taxes: | $80 |
| Estimated Insurance: | $38 |
| Property Mgmt Fee (8%): | $88 |
| Vacancy Contingent (7%): | $77 |
| Repairs Contingent (5%): | $55 |
| Total Monthly Expenses: | $337 |
| Estimated Net Operating Income: | $758 |
| Cap Rate: | 10.45%* |
1 Year Scope of Work Warranty
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* If Financing: Cash on Cash ROI considerably higher, but it depends on your financing.
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