2422 Cullman Rd, Arab, AL

$177,000

Rent Rate: $1,300 | $306 Monthly Cashflow
3 Beds 2 Baths 1,275 Sq Ft Garage/Carport: 2-Car
Built in 1954 Lot Size: ~4.8 Acres Basement: N/A Plumbing: Septic
Projected Completion Date: Complete!
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Property Calculations

  • Purchase Price: $177,000
  • Rent Range: $1250-$1350
  • Rent Used In Calculations: $1,300
  • Annual Taxes: $1,175
  • Annual Insurance: $931
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $12,714
  • Annual Net Income (finance 25% 30yr): $3,669

Leveraged Cash-on-Cash

  • 1 Year: $3,669.12
  • 5 Year: $5,308.74
  • 15 Year: $10,245.18

Cap Rate

  • 1 Year: 7.18%
  • 5 Year: 8.08%
  • 15 Year: 10.87%

Capital Appreciation

  • 10 Year: $53,100
  • 20 Year: $106,200
  • 30 Year: $159,300
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