3120 38th St, Northport, AL

$192,000

Rent Rate: $1,400 | 9.30% ROI (leveraged)
3 Beds 2 Baths 1,550 Sq Ft Garage/Carport: N/A
Built in 1940 Lot Size: ~.21 Acres Basement: Unfinished Plumbing: Septic
Projected Completion Date: 6/23/2025
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Property Calculations

  • Purchase Price: $192,000
  • Rent Range: $1350-$1450
  • Rent Used In Calculations: $1,400
  • Annual Taxes: $500
  • Annual Insurance: $752
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $14,036
  • Annual Net Income (finance 20% 30yr): $3,571

Leveraged Cash-on-Cash

  • 1 Year: $3,570.51
  • 5 Year: $5,417.24
  • 15 Year: $10,879.57

Cap Rate

  • 1 Year: 7.31%
  • 5 Year: 8.23%
  • 15 Year: 11.06%

Capital Appreciation

  • 10 Year: $57,600
  • 20 Year: $115,200
  • 30 Year: $172,800
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