109 Midway Dr, Hueytown, AL

$174,000

Rent Rate: $1,350 | 9.04% ROI (leveraged)
3 Beds 2 Baths 1,168 Sq Ft Garage/Carport: N/A
Built in 1951 Lot Size: ~.46 Acres Basement: N/A
Projected Completion Date: 1/31/2025

Property Calculations

  • Purchase Price: $174,000
  • Rent Range: $1300-$1400
  • Rent Used In Calculations: $1,350
  • Annual Taxes: $1,150
  • Annual Insurance: $962
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $12,630
  • Annual Net Income (finance 20% 30yr): $3,146

Leveraged Cash-on-Cash

  • 1 Year: $3,145.65
  • 5 Year: $4,812.88
  • 15 Year: $9,729.93

Cap Rate

  • 1 Year: 7.26%
  • 5 Year: 8.17%
  • 15 Year: 10.98%

Capital Appreciation

  • 10 Year: $24,303
  • 20 Year: $66,373
  • 30 Year: $139,200