2801 24th St, Tuscaloosa, AL

$159,500

Rent Rate: $1,200 | 9.81%% ROI (leveraged)
3 Beds 2 Baths 1,428 Sq Ft Garage/Carport: N/A
Built in 1935 Lot Size: ~.12 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: 6/9/2025
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Property Calculations

  • Purchase Price: $159,500
  • Rent Range: $1150-$1250
  • Rent Used In Calculations: $1,200
  • Annual Taxes: $575
  • Annual Insurance: $707
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $11,822
  • Annual Net Income (finance 20% 30yr): $3,128

Leveraged Cash-on-Cash

  • 1 Year: $3,128.01
  • 5 Year: $4,684.71
  • 15 Year: $9,285.87

Cap Rate

  • 1 Year: 7.41%
  • 5 Year: 8.34%
  • 15 Year: 11.21%

Capital Appreciation

  • 10 Year: $47,850
  • 20 Year: $95,700
  • 30 Year: $143,550
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