1523 15th Ave N, Bessemer, AL

$142,500

Rent Rate: $1,125 | 11.11% ROI (leveraged)
3 Beds 2 Baths 1,154 Sq Ft Garage/Carport: N/A
Built in 1935 Lot Size: ~.17 Acres Basement: N/A Plumbing: Septic
Projected Completion Date: 4/14/2025
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Property Calculations

  • Purchase Price: $142,500
  • Rent Range: $1075-$1175
  • Rent Used In Calculations: $1,125
  • Annual Taxes: $475
  • Annual Insurance: $876
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $10,934
  • Annual Net Income (finance 20% 30yr): $3,167

Leveraged Cash-on-Cash

  • 1 Year: $3,166.65
  • 5 Year: $4,607.33
  • 15 Year: $8,863.19

Cap Rate

  • 1 Year: 7.67%
  • 5 Year: 8.64%
  • 15 Year: 11.61%

Capital Appreciation

  • 10 Year: $42,750
  • 20 Year: $85,500
  • 30 Year: $128,250
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