114 Ave Z, Birmingham, AL

$143,000

Rent Rate: $1,150 | 8.56% ROI (leveraged)
3 Beds 1 Baths 1,519 Sq Ft Garage/Carport: N/A
Built in 1920 Lot Size: ~.17 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: 4/11/2025
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Property Calculations

  • Purchase Price: $143,000
  • Rent Range: $1100-$1200
  • Rent Used In Calculations: $1,150
  • Annual Taxes: $1,375
  • Annual Insurance: $939
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $10,244
  • Annual Net Income (finance 20% 30yr): $2,449

Leveraged Cash-on-Cash

  • 1 Year: $2,449.39
  • 5 Year: $3,805.00
  • 15 Year: $7,794.29

Cap Rate

  • 1 Year: 7.16%
  • 5 Year: 8.06%
  • 15 Year: 10.84%

Capital Appreciation

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