2315 Fairfax Ave, Bessemer, AL

$142,000

Rent Rate: $1,185 | 10.54% ROI (leveraged)
3 Beds 1.5 Baths 1,232 Sq Ft Garage/Carport: N/A
Built in 1978 Lot Size: ~.24 Acres Basement: N/A
Projected Completion Date: 12/31/2024

Property Calculations

  • Purchase Price: $142,000
  • Rent Range: $1135-$1235
  • Rent Used In Calculations: $1,185
  • Annual Taxes: $1,395
  • Annual Insurance: $813
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $10,732
  • Annual Net Income (finance 20% 30yr): $2,992

Leveraged Cash-on-Cash

  • 1 Year: $2,992.10
  • 5 Year: $4,411.11
  • 15 Year: $8,590.11

Cap Rate

  • 1 Year: 7.56%
  • 5 Year: 8.51%
  • 15 Year: 11.43%

Capital Appreciation

  • 10 Year: $19,833
  • 20 Year: $54,167
  • 30 Year: $113,600