24 1st St, Parrish, AL

$144,000

Rent Rate: $1,100 | 9.86% ROI (leveraged)
4 Beds 2 Baths 1,432 Sq Ft Garage/Carport: N/A
Built in 1950 Lot Size: ~.30 Acres Basement: N/A
Projected Completion Date: 1/30/2025

Property Calculations

  • Purchase Price: $144,000
  • Rent Range: $1050-$1150
  • Rent Used In Calculations: $1,100
  • Annual Taxes: $275
  • Annual Insurance: $1,047
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $10,690
  • Annual Net Income (finance 20% 30yr): $2,841

Leveraged Cash-on-Cash

  • 1 Year: $2,840.88
  • 5 Year: $4,249.43
  • 15 Year: $8,410.32

Cap Rate

  • 1 Year: 7.42%
  • 5 Year: 8.36%
  • 15 Year: 11.23%

Capital Appreciation

  • 10 Year: $20,113
  • 20 Year: $54,930
  • 30 Year: $115,200