233 Alder Ave, Birmingham, AL

$144,000

Rent Rate: $1,150 | $302 Monthly Cashflow
3 Beds 2 Baths 1,552 Sq Ft Garage/Carport: N/A
Built in 1920 Lot Size: ~.26 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: 9/30/2025
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Property Calculations

  • Purchase Price: $144,000
  • Rent Range: $1100-$1200
  • Rent Used In Calculations: $1,150
  • Annual Taxes: $1,154
  • Annual Insurance: $978
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $10,978
  • Annual Net Income (finance 25% 30yr): $3,619

Leveraged Cash-on-Cash

  • 1 Year: $3,619.45
  • 5 Year: $5,036.12
  • 15 Year: $9,298.85

Cap Rate

  • 1 Year: 7.62%
  • 5 Year: 8.58%
  • 15 Year: 11.53%

Capital Appreciation

  • 10 Year: $43,200
  • 20 Year: $86,400
  • 30 Year: $129,600
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