1024 9th St N, Bessemer, AL

$143,000

Rent Rate: $1,135 | 10.91% ROI (leveraged)
3 Beds 1 Baths 980 Sq Ft Garage/Carport: N/A
Built in 1940 Lot Size: ~.16 Acres Basement: N/A Plumbing: Septic
Projected Completion Date: Complete!

Property Calculations

  • Purchase Price: $143,000
  • Rent Range: $1085-$1185
  • Rent Used In Calculations: $1,135
  • Annual Taxes: $1,029
  • Annual Insurance: $994
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $10,916
  • Annual Net Income (finance 20% 30yr): $3,121

Leveraged Cash-on-Cash

  • 1 Year: $3,121.39
  • 5 Year: $4,529.77
  • 15 Year: $8,768.33

Cap Rate

  • 1 Year: 7.63%
  • 5 Year: 8.59%
  • 15 Year: 11.55%

Capital Appreciation

  • 10 Year: $42,900
  • 20 Year: $85,800
  • 30 Year: $128,700