206 Kentucky Ave SE, Hanceville, AL

$191,500

Rent Rate: $1,425 | 8.93% ROI (leveraged)
3 Beds 2 Baths 1,374 Sq Ft Garage/Carport: 2-Car
Built in 1950 Lot Size: ~.27 Acres Basement: N/A Plumbing: Septic
Projected Completion Date: 3/27/2025
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Property Calculations

  • Purchase Price: $191,500
  • Rent Range: $1375-$1475
  • Rent Used In Calculations: $1,425
  • Annual Taxes: $833
  • Annual Insurance: $869
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $13,859
  • Annual Net Income (finance 20% 30yr): $3,421

Leveraged Cash-on-Cash

  • 1 Year: $3,420.77
  • 5 Year: $5,246.80
  • 15 Year: $10,641.14

Cap Rate

  • 1 Year: 7.24%
  • 5 Year: 8.15%
  • 15 Year: 10.95%

Capital Appreciation

  • 10 Year: $26,747
  • 20 Year: $73,049
  • 30 Year: $153,200
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