604 Alma St NW, Decatur, AL

$183,000

Rent Rate: $1,325 | $374 Monthly Cashflow
3 Beds 2 Baths 1,350 Sq Ft Garage/Carport: N/A
Built in 1940 Lot Size: ~.09 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: 2/16/2026

Property Calculations

  • Purchase Price: $183,000
  • Rent Range: $1275-$1375
  • Rent Used In Calculations: $1,325
  • Annual Taxes: $358
  • Annual Insurance: $906
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $13,841
  • Annual Net Income (finance 25% 30yr): $4,490

Leveraged Cash-on-Cash

  • 1 Year: $4,489.52
  • 5 Year: $6,271.42
  • 15 Year: $11,644.39

Cap Rate

  • 1 Year: 7.56%
  • 5 Year: 8.51%
  • 15 Year: 11.44%

Capital Appreciation

  • 10 Year: $54,900
  • 20 Year: $109,800
  • 30 Year: $164,700