114 Elrie Blvd, Bessemer, AL

$165,000

Rent Rate: $1,195 | $278 Monthly Cashflow
3 Beds 2 Baths 1,150 Sq Ft Garage/Carport: N/A
Built in 1959 Lot Size: ~.18 Acres Basement: N/A Plumbing: Septic
Projected Completion Date: 10/17/2025
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Property Calculations

  • Purchase Price: $165,000
  • Rent Range: $1145-$1245
  • Rent Used In Calculations: $1,195
  • Annual Taxes: $790
  • Annual Insurance: $1,069
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $11,764
  • Annual Net Income (finance 25% 30yr): $3,332

Leveraged Cash-on-Cash

  • 1 Year: $3,332.33
  • 5 Year: $4,849.17
  • 15 Year: $9,416.67

Cap Rate

  • 1 Year: 7.13%
  • 5 Year: 8.02%
  • 15 Year: 10.78%

Capital Appreciation

  • 10 Year: $49,500
  • 20 Year: $99,000
  • 30 Year: $148,500
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