3737 Seaside Sparrow Cir Lot 16, Bessemer, AL

$285,000

Rent Rate: $2,025 | 7.70% ROI (leveraged)
4 Beds 2 Baths 1,610 Sq Ft Garage/Carport: 2-Car
Built in 2023 Lot Size: ~.18 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: Complete!

Property Calculations

  • Purchase Price: $285,000
  • Rent Range: $1975-$2075
  • Rent Used In Calculations: $2,025
  • Annual Taxes: $2,560
  • Annual Insurance: $600
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $19,925
  • Annual Net Income (finance 20% 30yr): $4,390

Leveraged Cash-on-Cash

  • 1 Year: $4,390.29
  • 5 Year: $6,959.43
  • 15 Year: $14,695.53

Cap Rate

  • 1 Year: 6.99%
  • 5 Year: 7.87%
  • 15 Year: 10.57%

Capital Appreciation

  • 10 Year: $85,500
  • 20 Year: $171,000
  • 30 Year: $256,500