For sale 2 months ago

$45,995

2 bd 1 ba 1250 sqft

455 2nd St N, Birmingham, AL 35204

Residential SFR Occupied Needs Repairs

Current Rent **

$600

Projected Rent **

$800

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Birmingham 8 Cap Investment

Welcome to the historic Smithfield Community. This home has everything you need. Home consists of 2 bedrooms, 1 full bathroom. Please do not disturb the tenant. Appointment for walkthroughs will be accepted during due diligence period. Occupied for 8 years. Potential to be 8.86 Cap once rent is raised to market rate.

Location:

455 2nd St N, Birmingham, AL 35204

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.