216 Newport Dr, Hueytown, AL

$186,500

Rent Rate: $1,515 | 9.58% ROI (leveraged)
4 Beds 2 Baths 1,836 Sq Ft Garage/Carport: N/A
Built in 1967 Lot Size: ~.35 Acres Basement: Unfinished
Projected Completion Date: 1/31/2025

Property Calculations

  • Purchase Price: $186,500
  • Rent Range: $1465-$1565
  • Rent Used In Calculations: $1,515
  • Annual Taxes: $1,930
  • Annual Insurance: $874
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $13,740
  • Annual Net Income (finance 20% 30yr): $3,574

Leveraged Cash-on-Cash

  • 1 Year: $3,574.11
  • 5 Year: $5,390.65
  • 15 Year: $10,740.73

Cap Rate

  • 1 Year: 7.37%
  • 5 Year: 8.29%
  • 15 Year: 11.14%

Capital Appreciation

  • 10 Year: $26,049
  • 20 Year: $71,141
  • 30 Year: $149,200