11387 Kornegay Dr, McCalla, AL

$183,000

Rent Rate: $1,365 | 9.62% ROI (leveraged)
3 Beds 1 Baths 1,092 Sq Ft Garage/Carport: Carport
Built in 1969 Lot Size: ~.56 Acres Basement: N/A
Projected Completion Date: 1/22/2025

Property Calculations

  • Purchase Price: $183,000
  • Rent Range: $1315-$1415
  • Rent Used In Calculations: $1,365
  • Annual Taxes: $490
  • Annual Insurance: $920
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $13,496
  • Annual Net Income (finance 20% 30yr): $3,521

Leveraged Cash-on-Cash

  • 1 Year: $3,520.88
  • 5 Year: $5,297.69
  • 15 Year: $10,550.18

Cap Rate

  • 1 Year: 7.37%
  • 5 Year: 8.30%
  • 15 Year: 11.15%

Capital Appreciation

  • 10 Year: $25,560
  • 20 Year: $69,806
  • 30 Year: $146,400