1901 Springlake Ct, Birmingham, AL

$136,000

Rent Rate: $1,050 | 10.43% ROI (leveraged)
2 Beds 1.5 Baths 992 Sq Ft Garage/Carport: N/A
Built in 1983 Lot Size: ~.11 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: Complete!
Download IPD Download Market File

Property Calculations

  • Purchase Price: $136,000
  • Rent Range: $1000-$1100
  • Rent Used In Calculations: $1,050
  • Annual Taxes: $915
  • Annual Insurance: $806
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $10,249
  • Annual Net Income (finance 20% 30yr): $2,836

Leveraged Cash-on-Cash

  • 1 Year: $2,835.95
  • 5 Year: $4,157.74
  • 15 Year: $8,137.13

Cap Rate

  • 1 Year: 7.54%
  • 5 Year: 8.48%
  • 15 Year: 11.40%

Capital Appreciation

  • 10 Year: $40,800
  • 20 Year: $81,600
  • 30 Year: $122,400
Call Now