2422 Cullman Rd, Arab, AL

$181,500

Rent Rate: $1,375 | 8.31% ROI (leveraged)
3 Beds 2 Baths 1,275 Sq Ft Garage/Carport: 2-Car
Built in 1954 Lot Size: ~4.8 Acres Basement: N/A Plumbing: Septic
Projected Completion Date: 6/5/2025

Property Calculations

  • Purchase Price: $181,500
  • Rent Range: $1325-$1425
  • Rent Used In Calculations: $1,375
  • Annual Taxes: $1,175
  • Annual Insurance: $931
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $12,909
  • Annual Net Income (finance 20% 30yr): $3,016

Leveraged Cash-on-Cash

  • 1 Year: $3,015.84
  • 5 Year: $4,719.61
  • 15 Year: $9,745.17

Cap Rate

  • 1 Year: 7.11%
  • 5 Year: 8.01%
  • 15 Year: 10.76%

Capital Appreciation

  • 10 Year: $54,450
  • 20 Year: $108,900
  • 30 Year: $163,350