1901 Springlake Ct, Birmingham, AL

$136,000

Rent Rate: $1,050 | 8.57% 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: 4/22/2025
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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: 9%
  • Annual Net Income (cash): $9,745
  • Annual Net Income (finance 20% 30yr): $2,332

Leveraged Cash-on-Cash

  • 1 Year: $2,331.95
  • 5 Year: $3,618.85
  • 15 Year: $7,412.90

Cap Rate

  • 1 Year: 7.17%
  • 5 Year: 8.06%
  • 15 Year: 10.84%

Capital Appreciation

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