1600 Fairfax Ave, Bessemer, AL

$150,000

Rent Rate: $1,200 | 11.53% ROI (leveraged)
3 Beds 2 Baths 1,168 Sq Ft Garage/Carport: N/A
Built in 1950 Lot Size: ~.11 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: Completed
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Property Calculations

  • Purchase Price: $150,000
  • Rent Range: $1150-$1250
  • Rent Used In Calculations: $1,200
  • Annual Taxes: $1,100
  • Annual Insurance: $946
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $11,634
  • Annual Net Income (finance 20% 30yr): $3,458

Leveraged Cash-on-Cash

  • 1 Year: $3,457.84
  • 5 Year: $4,958.53
  • 15 Year: $9,475.76

Cap Rate

  • 1 Year: 7.76%
  • 5 Year: 8.73%
  • 15 Year: 11.73%

Capital Appreciation

  • 10 Year: $20,951
  • 20 Year: $57,218
  • 30 Year: $120,000
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