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$115,000

For Sale - Active
1633 Mims St SW, Birmingham, AL 35211
3 Beds
1 Bath
1,518 Square Feet
0.00 Acres Lot
Built in 1955
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Jul 25, 2025 at 08:33AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$284
Cap Rate
8.6%
Cash-on-Cash Return
12.9%
Debt Coverage Ratio
1.52
Internal Rate of Return (5 years)
16.6%

Property Description


0.00 Acres Lot
Built in 1955
For Sale - Active
Units n/a

Discover charming, move-in-ready living at 1633 Mims St SW! This beautifully updated 3-bedroom, 1-bath home seamlessly combines modern finishes with classic appeal. Relax and enjoy your mornings on the covered front porch or entertain friends and family on the back patio — perfect for weekend barbecues and creating lasting memories. Inside, you'll find a fresh, stylish interior with thoughtful updates that make this home feel warm, inviting, and completely turnkey. Whether you’re a first-time buyer or looking to downsize without compromising on character, this home has it all. Come see it today and make it your own!

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Location


Property Details


Parking

  • Description: Driveway Parking, On Street Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Partial

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Roof Type: Gable or Hip

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2900163002024.000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1-Story
  • Year Built: 1955

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Jefferson

Listing Details


Listed by:
Clay Collins
Evernest Too
(205) 563-3054

Source:
Greater Alabama MLS
MLS#: 21422160
Greater Alabama MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$284
Cap Rate
8.6%
Cash-on-Cash Return
12.9%
Debt Coverage Ratio
1.52
Internal Rate of Return (5 years)
16.6%

Purchase Details

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Purchase price:
$115,000
Amount financed:
-$92,000
Down payment:
$23,000
Closing costs:
$3,450
Rehab costs:
$0
Initial cash invested:
$26,450
Square feet:
1,518
Cost per square foot:
$76
Monthly rent per square foot:
$0.79

Financing Details

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Loan amount:
$92,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$544
Property tax:
$0
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$628

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$300-$3,600

Cash Flow


Monthly Yearly
Net operating income:
$828 $9,936
Mortgage payments:
-$544 -$6,528
Cash flow:
$284 $3,408